In sync with gold prices completing the small wave t2, the US Dollar also ended its first decline (the second million-dollar pattern) last week, dropping to l1 before rebounding and entering a recovery phase.
With the current data, we can see that the first wave has shown signs of slowing down, based on analysis, the price is expected to decline around 101.6.
This week, important announcements such as CPI, PPI, and other key indicators could impact the Dollar, potentially leading to unpredictable price fluctuations. Therefore, it’s essential to adhere strictly to risk management principles and take steady steps toward sustainable profits.
Wishing investors smart and effective investment strategies! And stay tuned for the next US Dollar updates.
By. Pham Thanh Bien
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