DXY:
Prediction: Continued bearish pressure, targeting your swing target of 95.00. The fundamental backdrop of potential Fed rate cuts and ongoing geopolitical uncertainty weighing on safe-haven demand for the dollar supports this outlook.
Recommendation: SELL on rallies. Traders should look for opportunities to short the DXY, utilizing resistance levels around 98.50-99.00 for entry. Long-term investors should consider reducing USD exposure in their portfolios.
GOLD:
Prediction: Strong bullish momentum to continue, with a high probability of reaching and exceeding your swing target of 3600. The confluence of safe-haven demand and a weakening dollar provides a powerful tailwind.
Recommendation: BUY on dips. Swing traders can look for pullbacks to key support levels for entry, while long-term investors should consider accumulating gold as a hedge against market volatility and currency depreciation.
Prediction: Continued bearish pressure, targeting your swing target of 95.00. The fundamental backdrop of potential Fed rate cuts and ongoing geopolitical uncertainty weighing on safe-haven demand for the dollar supports this outlook.
Recommendation: SELL on rallies. Traders should look for opportunities to short the DXY, utilizing resistance levels around 98.50-99.00 for entry. Long-term investors should consider reducing USD exposure in their portfolios.
GOLD:
Prediction: Strong bullish momentum to continue, with a high probability of reaching and exceeding your swing target of 3600. The confluence of safe-haven demand and a weakening dollar provides a powerful tailwind.
Recommendation: BUY on dips. Swing traders can look for pullbacks to key support levels for entry, while long-term investors should consider accumulating gold as a hedge against market volatility and currency depreciation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.