The Fed's admission that continued subdued inflationary pressures have increased expectations of interest rate cuts, causing bond yields and the dollar to plummet, leading to a rise in the price of XAU
The trend of reducing US interest rates is often accompanied by a stronger increase in gold prices and this trend is likely to continue.
Experts predict that next year gold will continue its strong performance in 2050
The trend of reducing US interest rates is often accompanied by a stronger increase in gold prices and this trend is likely to continue.
Experts predict that next year gold will continue its strong performance in 2050
Note
BUY XAU 2023TP1: 2033
TP2: 2043
SL: 2012
Note
running + 40 pipsNote
Note
Hit full TP + 200 pips
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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.