XAU will decline and prepare for a new increase
Updated
Although the market has confirmed that interest rates have peaked and will be cut next year, Powell remains mum on whether the Fed has won the fight against inflation. Powell also said that while the market expects U.S. interest rates to fall 100 basis points by the end of next year, with an initial 25 basis point cut in May 2024, the Fed will continue to raise rates if necessary. He said he would continue.
The dollar is depreciating as the market supports the view that interest rates will stop rising. DXY has fallen 4 points since the beginning of November and has easily broken through several support levels. If the 200MA line cannot be regained, the price is likely to continue declining.
The dollar is depreciating as the market supports the view that interest rates will stop rising. DXY has fallen 4 points since the beginning of November and has easily broken through several support levels. If the 200MA line cannot be regained, the price is likely to continue declining.
Note
SELL 2006 - 2008TP1: 1994
TP2: 1990
SL: 2018
Note
📣US unemployment benefit claims this week were at 209K, lower than the forecast of 226KNote
Hít TP 1Note
hit TP 2Note
buy can buy 1990Note
running 80 pipsNote
Bank holiday bull marketNote
Please continue to follow XAU direction, everyoneNote
Bank holiday bull marketNote
Gold is running very slowly waiting for news tonightNote
We have PMI news tonightNote
Good news for USD, gold will fall sharplyNote
Gold price increased the highest in the short term, the highest recorded price in 2018
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