XAUUSD Daily Outlook

Here What I Think Regarding This "Precious Metal"..

Base on Daily Chart here, it seems that price nearly coming through the 'SUPPORT' in the red box below(with the horizontal black line).. Here is the situation..

Situation 1 :
Price go along/through to the support(at the 1st red box with the black horizontal line) due to the 'strong' dollar(since near NFP)

Situation 2 :
Price go along/through to the support(at the 1st red box with the black horizontal line) due to the 'strong' dollar(since near NFP) then break the 1st support then fall through to the 2nd line in defence(the 2nd red box with the black horizontal line)

Situation 3 :
Price might re-bounce/make a reversal due to lack of dollar strength(to the red line as a resistance) then will come back strong since near NFP