XAUUSD - BUY

Jun 24, 2024

• Was waiting for pullback idealy but looks like she's off to the races via London open.
  
  
• DXY has hit Resistence and pulling back so that helps.
  
  
• As more people buy gold, the demand goes up, and so does the price.
  
  

Lower Rates Benefit Gold:

• When interest rates drop, the return on interest-bearing assets decreases. Consequently, the opportunity cost of holding gold reduces because there is less income to forego from other investments. This makes gold more attractive to investors.