Amid concerns of a potential US government default in early June if debt ceiling negotiations fail, investors are avoiding short-term US Treasuries.
Gold demand has increased despite some Fed officials remaining hawkish.
The Fed is expected to make two more rate hikes in 2023 to curb inflation.
While Wall Street predicts a high risk of a US recession, it has been overstated.
In the medium to long term, the USD is under pressure as the Fed will inevitably reverse monetary policy after 10 interest rate hikes totaling 475 percentage points.
The reversal will cause a rapid depreciation of the dollar and positively impact gold.
XAUUSD
BUY 1940-1943
Stop Loss 1932
My own expected return is 1948-1955-1967
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
Gold demand has increased despite some Fed officials remaining hawkish.
The Fed is expected to make two more rate hikes in 2023 to curb inflation.
While Wall Street predicts a high risk of a US recession, it has been overstated.
In the medium to long term, the USD is under pressure as the Fed will inevitably reverse monetary policy after 10 interest rate hikes totaling 475 percentage points.
The reversal will cause a rapid depreciation of the dollar and positively impact gold.
XAUUSD BUY 1940-1943
Stop Loss 1932
My own expected return is 1948-1955-1967
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
Note
Buy 1940=>1946 +60pips
Note
HIT TP 1948 +80pipsNote
110pipsNote
1954 => gold 140pips
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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.
Related publications
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.