XAU/USD
XAU reached ATH, with a slight impact from the FOMC. Fed Chairman Jerome Powell. The FOMC news was slightly hawkish because the interest rate was held and not in a rush. Gold remains a haven. Tension and worries have arisen from President Trump's application of tariffs.
Gold rises and remains bullish overall. There should be a pivot when the CPI comes out or at the next FOMC meeting in March. In the meantime, I'm seeing XAU rise to a new ATH and possibly reach 2850, 2900, or maybe 3000 if the CPI doesn't push the price down.
Gold rises and remains bullish overall. There should be a pivot when the CPI comes out or at the next FOMC meeting in March. In the meantime, I'm seeing XAU rise to a new ATH and possibly reach 2850, 2900, or maybe 3000 if the CPI doesn't push the price down.
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.