a summary of XAU Fundamental:
I have been closely monitoring the movement of the gold market, and my analysis suggests that the price of XAU is continuing its downward trend due to several factors, including rising interest rates by the Federal Reserve (Fed). One of the primary reasons for the decline is the inverse relationship between gold and interest rates. As the Fed increases interest rates, investors are more likely to invest in fixed-income securities that provide higher returns, reducing the demand for gold as a safe-haven asset. Additionally, the strengthening of the US dollar due to higher interest rates makes gold more expensive for investors holding other currencies, further decreasing demand. Other factors contributing to the downward trend include the positive economic outlook, and the general shift towards riskier assets. Overall, based on these factors, it is likely that XAU will continue to experience downward pressure, and as a financial trader, I will be monitoring these factors closely to inform my investment decisions.
Technical Analysis:
I think price with a small correction will continue to reach to the resistance area then start to fall again from that zone.
Targets: 1865( correction), 1830, 1800 ....
I have been closely monitoring the movement of the gold market, and my analysis suggests that the price of XAU is continuing its downward trend due to several factors, including rising interest rates by the Federal Reserve (Fed). One of the primary reasons for the decline is the inverse relationship between gold and interest rates. As the Fed increases interest rates, investors are more likely to invest in fixed-income securities that provide higher returns, reducing the demand for gold as a safe-haven asset. Additionally, the strengthening of the US dollar due to higher interest rates makes gold more expensive for investors holding other currencies, further decreasing demand. Other factors contributing to the downward trend include the positive economic outlook, and the general shift towards riskier assets. Overall, based on these factors, it is likely that XAU will continue to experience downward pressure, and as a financial trader, I will be monitoring these factors closely to inform my investment decisions.
Technical Analysis:
I think price with a small correction will continue to reach to the resistance area then start to fall again from that zone.
Targets: 1865( correction), 1830, 1800 ....
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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.