No rate cut from the Fed = USD bullish for sometime
Strong USD make gold weak
Overall the gold market is bullish on the long run.
I expect a market manipulation around 2038-2049 area = resistance trend line
that will make the market look very bullish, so they will fooled everyone with a bearish Momentum.
I expect xauusd to go around 1985 - 1975 or maybe lower. Then we go to all time high
Strong USD make gold weak
Overall the gold market is bullish on the long run.
I expect a market manipulation around 2038-2049 area = resistance trend line
that will make the market look very bullish, so they will fooled everyone with a bearish Momentum.
I expect xauusd to go around 1985 - 1975 or maybe lower. Then we go to all time high
Note
I expect the price to go at 2047.5 areaWhy ? this is the big trend line and also the 78.2% retracement fibonnaci (key lvl)
Note
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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.