We have Consumer Price Index (CPI) News for the US Dollar (High Impact News) to be released 30 minutes after NY Open. Forecast : 0.7% / Previous : 0.9% if the Actual numbers are better we could see Gold tapping Strong Daily Support at 1769.000 – 1765.000, potentially a further drop to 1755.000 (Weekly Support).
If numbers were bad Gold could possibly break above the strong Daily Resistance at 1785.000 Targeting 1793.000 (Next Daily Resistance) if this move does happen the Weekly candle more likely will close Bullish leaving Huge Bottom Wick on HTF. if this happens next week will be interesting to see what the Federal Reserve have to say in regard to the Interest Rates on the Review Date : (15.12.2021)