XAUUSD: The downward momentum is still there
Updated
Gold has hit its lowest mark in the past 8 months as the strength of the USD continues to show off. We have not yet found an end to this downward trend.
It is likely that gold will continue to decline until 1820 when that is the lowest and closest bottom we see. However, we still have to guess when the USD will stop showing its strength
It is likely that gold will continue to decline until 1820 when that is the lowest and closest bottom we see. However, we still have to guess when the USD will stop showing its strength
Comment
According to this expert, the recent weakness of gold is reasonable as the US Federal Reserve (Fed) still maintains the tightening trend. Last week, the US Central Bank kept interest rates unchanged but signaled that it would keep interest rates within a limited range in the near future to bring inflation down to the 2% target.Comment
XAUUSD SELL LIMIT 1875 - 1877 TP: 1870
SL: 1882
Comment
Gold is rising againComment
GREATTTTTTTComment
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