Short

GOLD SELL CONFIRM ANALYSIS FOR TODAY

Updated

Gold price (XAU/USD) attracts some buying for the second straight day on Thursday, albeit lacks follow-through and remains confined in a familiar range held over the past three days through the first half of the European session. The fundamental backdrop, meanwhile, seems tilted firmly in favour of bullish traders amid growing acceptance that the Federal Reserve (Fed) is done with its policy tightening campaign and will start cutting rates as early as March 2024. Furthermore, the recent dovish rhetoric from European Central Bank (ECB) officials, along with the Reserve Bank of Australia’s (RBA) and the Bank of Canada's (BoC) decision to hold rates steady, lifted hopes that interest rates have peaked globally. This, in turn, is seen as a key factor acting as a tailwind for the non-yielding yellow metal.

Note

30 Pips Running 🤩

Note

150 Pips Running Enjoy 🤩

Note

Follow My chart 📉📈

Fx_Jack17

t.me/Xauusdgold17

Daily 3,4 Vip Singals
97% Accurate

t.me/Xauusdgold17
Join Us For Any Help
We Are Always Ready To Help You

Also on:

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.