Hello everyone!
In general: Last week, we received important news from the FED. However, it was bad news for the USD as this precious metal continues to maintain a strong upward trend. Currently, gold has temporarily paused at $1992 and shows further signs of increasing, indicating its long-term growth strength.
Regarding the outlook and analysis of XAU/USD trend:
The upward trend has been continuing for the past 4 weeks, forming and reinforcing a new uptrend channel that is performing well. Alexia's target is for gold to reach the $2005 area next week and conquer the weekly high at $2010. What are your thoughts? Do you agree with Alexia?
In general: Last week, we received important news from the FED. However, it was bad news for the USD as this precious metal continues to maintain a strong upward trend. Currently, gold has temporarily paused at $1992 and shows further signs of increasing, indicating its long-term growth strength.
Regarding the outlook and analysis of XAU/USD trend:
The upward trend has been continuing for the past 4 weeks, forming and reinforcing a new uptrend channel that is performing well. Alexia's target is for gold to reach the $2005 area next week and conquer the weekly high at $2010. What are your thoughts? Do you agree with Alexia?
Note
Latest support for xauusd 1983 USDNote
Looking at the long term, this precious metal is still supported by healthy demand from central banks, concerns about economic recession, and de-dollarization trends.Trade active
Note
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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.