XAUUSD 1day
XAU/USD
Simple and clear analysis.
A break above 1721 will break the monthly downtrend, will definitely call for a retest as shown in the chart which then will inject the fresh blood of bulls and then there is no stopping for the safe haven asset to perform in the upcoming recession on 2023 that we all are sure of.
Fed Rate hikes will probably stop by the Q1 of next year which will open the doors for the yellow metal to make its ATH.
Cheers
Fxgoldsniper
Simple and clear analysis.
A break above 1721 will break the monthly downtrend, will definitely call for a retest as shown in the chart which then will inject the fresh blood of bulls and then there is no stopping for the safe haven asset to perform in the upcoming recession on 2023 that we all are sure of.
Fed Rate hikes will probably stop by the Q1 of next year which will open the doors for the yellow metal to make its ATH.
Cheers
Fxgoldsniper
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