XAU will decline and prepare for a new increase
Updated
Although the market has confirmed that interest rates have peaked and will be cut next year, Powell remains mum on whether the Fed has won the fight against inflation. Powell also said that while the market expects U.S. interest rates to fall 100 basis points by the end of next year, with an initial 25 basis point cut in May 2024, the Fed will continue to raise rates if necessary. He said he would continue.
The dollar is depreciating as the market supports the view that interest rates will stop rising. DXY has fallen 4 points since the beginning of November and has easily broken through several support levels. If the 200MA line cannot be regained, the price is likely to continue declining.
The dollar is depreciating as the market supports the view that interest rates will stop rising. DXY has fallen 4 points since the beginning of November and has easily broken through several support levels. If the 200MA line cannot be regained, the price is likely to continue declining.
Comment
SELL 2006 - 2008TP1: 1994
TP2: 1990
SL: 2018
Comment
📣US unemployment benefit claims this week were at 209K, lower than the forecast of 226KComment
Hít TP 1Comment
hit TP 2Comment
buy can buy 1990Comment
running 80 pipsComment
Bank holiday bull marketComment
Please continue to follow XAU direction, everyoneComment
Bank holiday bull marketComment
Gold is running very slowly waiting for news tonightComment
We have PMI news tonightComment
Good news for USD, gold will fall sharplyComment
Gold price increased the highest in the short term, the highest recorded price in 2018
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