XAU may continue to increase in the near term
Updated
Many signals show that USDT will stand at a high price due to the FED's monetary policy
The FED may delay monetary policy until May and June
But it is also worrying because inflation causes the USDT market to fluctuate and the Fed is also very worried. The Fed is currently very worried that inflation may increase again and if it cuts interest rates early, it may not be able to control prices. both goods.
The USD is very strong so the Fed will just wait for the right time to reduce interest rates, possibly around next September.
When the Fed reduces interest rates, the greenback weakens, and gold prices will increase rapidly. Gold also benefits in the context of world instability and conflicts occurring in many places. Nuclear risks are also growing.
The FED may delay monetary policy until May and June
But it is also worrying because inflation causes the USDT market to fluctuate and the Fed is also very worried. The Fed is currently very worried that inflation may increase again and if it cuts interest rates early, it may not be able to control prices. both goods.
The USD is very strong so the Fed will just wait for the right time to reduce interest rates, possibly around next September.
When the Fed reduces interest rates, the greenback weakens, and gold prices will increase rapidly. Gold also benefits in the context of world instability and conflicts occurring in many places. Nuclear risks are also growing.
Note
BUY XAU 2309 - 2307TP1: 2316
TP2: 2320
SL: 2300
Note
Running + 60 pips
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