XAU will recover after a strong increase
Updated
The FED has created conditions for XAU to increase strongly until 2050, but today, November 29, 2023, gold will have a rebound.
In a recent note, ActivTrades senior analyst Ricardo Evangelista said that growing expectations of a recession provide support for safe-haven gold. In this context, gold is still on the rise.
Gold continues to gain momentum, boosted by expectations that the US Federal Reserve (Fed) has ended its interest rate hike. Expectations are increasingly high after recent comments from Fed officials. Less hawkish views have put pressure on the greenback and supported precious metals markets.
In a recent note, ActivTrades senior analyst Ricardo Evangelista said that growing expectations of a recession provide support for safe-haven gold. In this context, gold is still on the rise.
Gold continues to gain momentum, boosted by expectations that the US Federal Reserve (Fed) has ended its interest rate hike. Expectations are increasingly high after recent comments from Fed officials. Less hawkish views have put pressure on the greenback and supported precious metals markets.
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SELL XAU 2042Comment
running 50 pips
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