Today I’m going to share a possible fakeout that’s developing on Xauusd (gold) and what it could mean for gold prices in November.

I’ll also provide an update on the US Dollar Index (DXY) to explain how a dollar breakout could affect the price of gold.

Watch the video below and scroll down for the annotated charts and analysis.

The post XAUUSD: Keep an Eye on $1,980 Following Fomc appeared first on Daily Price Action.