XAUUSD is expected to increase slightly until 2050 then decrease
Updated
During the Asian session on Tuesday (December 19), spot gold prices fell slightly and are now trading around 2026. Due to unfavorable conditions, gold prices remained under pressure yesterday in the 2028-2035 range. Last Friday, New York Fed President Williams made some offensive remarks. Yesterday, three senior Fed officials downplayed the current optimistic rate cut expectations. I am surprised by the Fed's expectation management measures, which repeatedly resisted rate cut bets even after announcing the rate cut signal. That's what the Fed wants to do. You'll get used to it eventually. Investors can ignore it and simply focus on trading based on price patterns. You can't predict anything other than trading. Yesterday, gold prices fell back to support around 2015 before recovering to around 2033.5. The profit from taking a short position at $2030 is small. Currently, market expectations regarding the Fed's interest rate cuts are fluctuating. Second, gold prices will continue to be under pressure from the Fed's expectations management. Since interest rate cuts are the general trend, the upside will be limited and the downside will also be limited. In the short term, gold prices primarily fluctuate, allowing you to buy low and sell high in key areas.
Note
XAUUSD SELL 2046- 2048TP1 2041
TP2 2035
SL 2053.
Note
💵AUDCAD SELL 0.90370💵❌SL 0.90625
✔️TP 0.90160
✔️TP 0.90000
Note
💵 SELL XAUUSD 2039 - 2041 🪙🪙🪙💲TP1 2035
💲TP2 2030
🔴 SL 2047
Runing + 60pips
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.