XAUUSD: Fundamental Overview
Despite expectations of a fall, there has been a rise in inflation. This is not a "reacceleration of inflation" as some may have put it. While we expect inflation to mostly fall, it will take years, not months, to reach the Fed's target of 2%. This means that the US will have higher rates than other countries, even if inflation in the eurozone is higher. This is because the ECB is more cautious and has a lower terminal rate than the Fed's. As a result, the dollar is likely to remain strong for the whole year.
SELL XAUUSD zone 1978 - 1980
Stoploss: 1985
Take Profit1: 1973
Take Profit2: 1965
Take Profit3: 1950
SELL XAUUSD zone 1978 - 1980
Stoploss: 1985
Take Profit1: 1973
Take Profit2: 1965
Take Profit3: 1950
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.