The next scenario is for XAU
Updated
The US has ended its interest rate hike cycle
XAU will continue to increase in the near future but will encounter resistance at 2052
USD weakens on expectations of the US Federal Reserve (Fed)
Combined with the recent decline in US Treasury yields, hopes of a Fed pivot and the decline in the value of the USD, gold is in a favorable position and has the potential to set a new record.
XAU will continue to increase in the near future but will encounter resistance at 2052
USD weakens on expectations of the US Federal Reserve (Fed)
Combined with the recent decline in US Treasury yields, hopes of a Fed pivot and the decline in the value of the USD, gold is in a favorable position and has the potential to set a new record.
Comment
SELL XAUUSD 2042-2044SL 2050
TP2 2036
TP2 2030
👉 Free Signals Everyday: t.me/SantaTradeProInsightsFX
👉 Support 24/7 and More
👉 Join the group to profit every day.
👉 @bellatrader_2509
👉 Support 24/7 and More
👉 Join the group to profit every day.
👉 @bellatrader_2509
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.