XAUUSD: The price of Gold looking little bit bearish
Gold price (XAU/USD) extends its upside around $2,165 after reaching a record high during the early European session on Friday. A weaker US Dollar (USD) and a decline in US Treasury bond yields provide some support to the gold price. Furthermore, the rising expectation for the first rate cut by the Federal Reserve (Fed) in the June meeting boosts the demand for gold price.
NOTE: KEEP FOLLOWING ME FOR MORE ANALYSIS AND MORE INFORMATION ABOUT DIFFERENT PAIRS OF THE MARKET LIKE FOREX, CRYPTOCURRENCIES AND MUCH MORE.
Gold price (XAU/USD) extends its upside around $2,165 after reaching a record high during the early European session on Friday. A weaker US Dollar (USD) and a decline in US Treasury bond yields provide some support to the gold price. Furthermore, the rising expectation for the first rate cut by the Federal Reserve (Fed) in the June meeting boosts the demand for gold price.
NOTE: KEEP FOLLOWING ME FOR MORE ANALYSIS AND MORE INFORMATION ABOUT DIFFERENT PAIRS OF THE MARKET LIKE FOREX, CRYPTOCURRENCIES AND MUCH MORE.
Trade active
Target reached successfully , this shows the accuracy of my signals and forecasting and analysis. The Market went up as I forecasted and then fall down slightly late but in the same bearish zone and reached my target successfully with 99% accuracy.Trade closed: target reached
Target reached successfully , this shows the accuracy of my signals and forecasting and analysis. The Market went up as I forecasted and then fall down slightly late but in the same bearish zone and reached my target successfully with 99% accuracy.
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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.