XAU hits 2260, Sell is the main trend

OANDA:XAUUSD   Gold Spot / U.S. Dollar
The world gold price has just set a new historic peak when it hit 2,260 USD
efforts to extend the winning streak to five consecutive sessions on Friday. However, market liquidity is currently low due to the Good Friday holiday mentality of many investors.
Gold becomes more attractive to investors as market sentiment leans towards the scenario of major central banks starting an interest rate cutting cycle this year. Investors are giving more favor to gold as they believe that the Fed will cut interest rates three times in the coming months.
There will be three interest rate cuts predicted. However, more reliable evidence that inflation will recede is needed before the Fed takes any action.
The fact that achieving the ECB's 2% inflation target is feasible also warns of potential risks if the ECB does not cut interest rates.
In Europe, the SNB's surprise interest rate cut at its March meeting sparked speculation that other major central banks could take similar actions. Meanwhile, in Asia, although the BoJ has ended its negative interest rate policy, it will continue to monitor and flexibly adjust its monetary policy to suit the economic situation in the future. near future.
💵XAUUSD SELL 2258-2260 💵

✔️TP 2248
✔️TP 2235

❌SL 2265

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