The next scenario is for XAU
Updated
The US has ended its interest rate hike cycle
XAU will continue to increase in the near future but will encounter resistance at 2052
USD weakens on expectations of the US Federal Reserve (Fed)
Combined with the recent decline in US Treasury yields, hopes of a Fed pivot and the decline in the value of the USD, gold is in a favorable position and has the potential to set a new record.
XAU will continue to increase in the near future but will encounter resistance at 2052
USD weakens on expectations of the US Federal Reserve (Fed)
Combined with the recent decline in US Treasury yields, hopes of a Fed pivot and the decline in the value of the USD, gold is in a favorable position and has the potential to set a new record.
Note
SELL XAUUSD 2042-2044SL 2050
TP2 2036
TP2 2030
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