XAU Analysis: Impact of Expanding USD Economic
Updated
The analysis of XAU (gold) in light of the expanding US economy and the strengthening USD suggests that if the USD continues to grow, it may have a downward impact on XAU. Signs of economic expansion in the USA often lead to increased investor confidence in riskier assets, reducing the demand for safe-haven assets like gold. Additionally, a stronger USD makes gold relatively more expensive for buyers using other currencies. Consequently, if this trend persists, XAU may face pressure and potentially reach lower targets.
Do not forget that XAU is on an uptrend. Any weak signs for the USD can cause XAU to continue following this upward trend.
Target: 1900..... 1800 ( possible target )
Do not forget that XAU is on an uptrend. Any weak signs for the USD can cause XAU to continue following this upward trend.
Target: 1900..... 1800 ( possible target )
Note
"After the retracement, the price shall continue to follow the bearish trend."
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