Waiting for the recovery of the USD and the slowdown of gold
Updated
Global gold prices rose significantly, supported by a decline in the US dollar price and lower US Treasury yields. The dollar index has fallen nearly 2.9% over the past three months, and the yield on the 10-year U.S. Treasury has fallen about 1.1% since the end of October.
At the same time, bond yields and US dollar prices fell, providing double support for gold prices.
Last week, the US Federal Reserve signaled that it would cut interest rates. Fed officials expect three cuts of 0.25% each in 2024.
At the same time, bond yields and US dollar prices fell, providing double support for gold prices.
Last week, the US Federal Reserve signaled that it would cut interest rates. Fed officials expect three cuts of 0.25% each in 2024.
Note
SELL XAUUSD 2035- 2040
TP1: 2024
TP2: 2015
SL: 2050
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