Notable events and data this week: Forex/Gold Update

  This week will be central bank decision week, and there will be new developments in the central banks and Federal Reserves of many countries:

 - On Monday and Tuesday, Bank of England Governor Bailey will deliver a speech.

 - On Thursday, the Federal Reserve FOMC will publish interest rate resolutions, policy statements and economic expectations.  The same day, the Swiss National Bank will announce its decision on interest rates and Reserve Bank of Australia President Lowe will give a speech.

 - The Bank of Japan will announce its interest rate decision on Friday.

 - On economic data: On Tuesday, the US will publish the percentage of monthly retail sales for May, with a forecast value of -0.4%, lower than the previous value of 0%.

 - In addition, on Wednesday, Russian President Putin and US President Biden held a summit meeting, it was reported that Biden and Putin will hold a separate press conference after the meeting.  Foreign media reported over the weekend that, in an interview, Putin said that Russia-US relations are currently at their lowest point in recent years.

 Gold comment on June 14, 2021:

 Ending last week's session, precious metal Gold had a week of decline from 1904 to 1869 ($35) to close the week at the price range around 1876. With the closing with a bearish weekly candle, the possibility  High in the week's trading sessions, the downward pressure will continue but it is currently touching the 187x support area, so it is likely that there will be slight rebounds here.

 - Switching to the daily chart time frame we can see that Gold is currently meeting a support area at 1870. If this support is broken then 1855 will be the next destination for Gold and this is also the price zone.  The support is relatively strong, so the possibility that if this precious metal drops here first, in my opinion, this is also a good price zone for us to establish a short position with this precious metal.

 - One more case is that on the H4 time frame, I expect Gold price in the beginning of today's session to recover from here to the 1885-1890 price range.  This is the short-term price zone that Gold broke last Friday, if this precious metal can retest at the beginning of today's trading session, this is the ideal price zone for us to sell down with a target of 1875.  and the expectation is 1855. This is the option that I am more inclined to.

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