XAU Weekly Forecast Jan 28 ~ Feb 1. Will sustain above $1300 mark?

GOLD seen a remarkable week, as opened $1280.70 and close at $1302.91. Read further GOLD Review.

XAUUSD closed above magical mark $1300 last Friday. Since 15 June 2018 GOLD price remain below 1300 emotional level. Finally manage to breakout because of weaker USD.

This week seems to be real testing time for yellow metal as it has to try hard to turn 1300 resistance into support.

The outcome of 'Federal Open Market Committee' two day policy meeting on January 29 and 30 will affect the price.
The Federal Reserve System may hike rate, but some officials have recently adopted a more dovish tone.
US fourth quarter growth rate on Wednesday
U.S. government employment report for January on Friday
Ongoing US China trade war also have to end before deadline March 1.

XAU/USD Chart 28th January 2019