XAUUSD H4 : SELL SETUP FOUND HERE STRONGLY
Updated
XAUUSD H4 : SELL SETUP FOUND HERE STRONGLY
Its clear that the price of the Gold will fall below the 2000$ and will continue more downs in the future.
In the XAU/USD Price Forecast 2024, our analyst, Eren Sengezer, notes that Gold carries its bullish potential into early 2024 on prospects of a looser Fed policy, lower US bond yields and a weaker USD. A downturn in the global economy, however, could weigh on demand and limit the precious metal’s gains. A lack of progress in the Fed’s efforts to lower inflation, on the other hand, could cause XAU/USD to turn south.
Gold started the week under modest bearish pressure but managed to erase its losses ahead of the weekend. Investors still see a strong probability that the Federal Reserve (Fed) will opt for a rate cut in March, not allowing US bond yields to push higher and supporting XAU/USD. Next week’s calendar will not offer any high-tier data releases from the US, but Chinese growth figures and geopolitical headlines could influence the precious metal’s valuation.
Note: For more updates and information about different pairs of the stocks, indices, forex and crypto.
Its clear that the price of the Gold will fall below the 2000$ and will continue more downs in the future.
In the XAU/USD Price Forecast 2024, our analyst, Eren Sengezer, notes that Gold carries its bullish potential into early 2024 on prospects of a looser Fed policy, lower US bond yields and a weaker USD. A downturn in the global economy, however, could weigh on demand and limit the precious metal’s gains. A lack of progress in the Fed’s efforts to lower inflation, on the other hand, could cause XAU/USD to turn south.
Gold started the week under modest bearish pressure but managed to erase its losses ahead of the weekend. Investors still see a strong probability that the Federal Reserve (Fed) will opt for a rate cut in March, not allowing US bond yields to push higher and supporting XAU/USD. Next week’s calendar will not offer any high-tier data releases from the US, but Chinese growth figures and geopolitical headlines could influence the precious metal’s valuation.
Note: For more updates and information about different pairs of the stocks, indices, forex and crypto.
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we will soon achieve the target successfully with the strong patience. Patience is the key of the trading.Note
Suddenly fell near the 2038and done almost 150+ pips
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this is good victory in the right directionNote
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Trade closed: target reached
Last time Gold reached successfully near 2002$ and saved almost more than 510 Pips in the right way.My first target has been successfully achieved and about my second target I will provide best analysis in the coming days
Its really a great achievement and thanks for your support but sorry for late updates.
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