XAUUSD 1D - 1W

- weekly/daily timeframe closed bearish at resistance of $1399.00.
- we could see price retrace back to the key support zone at $1360.00. However, this may be unlikely as the USD is currently sitting at a key zone.
- Fed Chairman Powell testifies on the current economic plans to the Economic Committee in Washington. With the chairman looking to cut rates soon, we could see some dovish from these events which could cause the USD to fall.

Regards,
GoldFXcc Team