XAUUSD Long, Market sentiment is low, but fighting % hikes
This may perhaps be an optimistic prediction, but I feel that the looming uncertainty in the market is predominantly low, this should drive GOLD as a safe haven hedge. That being said, the predicted rate hikes coming this week are certainly a negative for GOLD futures adding artificial faith in the dollar. It will ultimately be a balance of the scales, we are most likely going to officially announce a recession, but as i said, hike rates too late to make a difference.
Overall sentiment, is LONG, near term could go either way.
Overall sentiment, is LONG, near term could go either way.
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