XAUUSD: The advantage of bulls!
Updated
Hello traders, I have some market news to send to you ✅
Over the past 20 years, the US Dollar's global market share has fallen from 71% to 59%, and there is a possibility that this trend may continue in the future. The United States would be the most affected in this situation, as the use of other currencies in global trade would reduce the use of dollars. This is because the global currency market is a zero-sum game, and every time a non-dollar currency, such as the Yuan or Rupee, is traded, it means one less Dollar being used. If other currencies become more popular, the dominance of the US in the global market could be challenged.
After the market correction, it is anticipated that the value of gold will maintain an upward trend.
Over the past 20 years, the US Dollar's global market share has fallen from 71% to 59%, and there is a possibility that this trend may continue in the future. The United States would be the most affected in this situation, as the use of other currencies in global trade would reduce the use of dollars. This is because the global currency market is a zero-sum game, and every time a non-dollar currency, such as the Yuan or Rupee, is traded, it means one less Dollar being used. If other currencies become more popular, the dominance of the US in the global market could be challenged.
After the market correction, it is anticipated that the value of gold will maintain an upward trend.
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SELL GOLD ́zone 2011 - 2016Stoploss: 2023
Take profit 1: 2010
Take profit 2: 2005
Take profit 3: 2000
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Close SELL +50 pipsTrade active
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