CFDs on Gold (US$ / OZ)
Long

Gold Next high at 3530

225
Hello guys

What will make the #XAUUSD rise ?

Check out our last updates
https://www.tradingview.com/chart/GOLD/lS6hAtOJ/lS6hAtOJ

1. The Geopolitical tension in the Middle East
2. The fall of the #US10y as the Feds are getting closer to cut rates, yields are falling, and this is bullish for the GOLD
3. Mr. J Biden step Down, This will be seen as Bullish for stocks and GOLD
4. The fall of the #DXY as the FEDS cut rates.
5. Central Banks around the world are buying Gold heavily
6. Chinese Government is selling US bonds to get rid of the dollar, and buying Gold
7. Chinese people are buying gold as the rates in china are low, stock market is not well, and real estate is suffering.

Overall, Gold is still very Bullish and we would see 3530 sooner than what we think.

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