XAU rebounded after moving sideways
Updated
Many analysts believe that the gold market is in a calm period and may fluctuate again at least until the end of this week. The increase in buying by investors at the beginning of the session is the expectation that the price will increase after the precious metal is in a low price range.
The current monetary policy stance of the US Federal Reserve (Fed) could trigger another sell-off in the market.
As long as the Fed loosens monetary policy, it will put pressure on the USD and push up gold prices.
The current monetary policy stance of the US Federal Reserve (Fed) could trigger another sell-off in the market.
As long as the Fed loosens monetary policy, it will put pressure on the USD and push up gold prices.
Note
SELL 2329TP1: 2324
TP2: 2318
SL: 2338
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