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Xauusdbuy

XAUUSD: Next week!Greetings traders, I have valuable information to share with you ♥ Historically, January and August have been the most profitable months for gold, but in the past 25 years, March has consistently been the least profitable. The recent increase in gold prices can be attributed to a decrease in USD and yields after a significant shift in Fed rates. However, the future of gold prices will be largely influenced by the trajectory of US rates. If the Fed increases rates aggressively and discusses rates reaching 6%, gold prices will likely decrease even further. This could be further intensified by the typical decrease in gold prices during the seasonally weak month of March. March is seasonally weak for Gold Note: To obtain the signal, kindly click on the link provided in the description. Appreciate your cooperation.
OANDA:XAUUSDShort
by Sphyn-Trader
XAUUSD breaks the trendline in 15MIf XAUUSD (which represents the price of gold in US dollars) breaks a trendline in a 15-minute chart, it means that the price of gold has crossed and closed below a line that connects at least two previous price points, indicating a potential shift in the direction of the trend. This could mean that a previous uptrend has potentially reversed, and the market sentiment may be turning bearish. It is important to note that a single trendline break in a 15-minute chart may not be enough to confirm a reversal, as it could also be a temporary correction before resuming the previous trend. Traders may use other technical indicators or wait for additional confirmation before making trading decisions.
OANDA:XAUUSDLong
by Epic1st
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