As the annual fed funds rate cycle approaches at the beginning of May, the market will wait and see for the next movement. If the Fed raises interest rates, XAUUSD will tend to form a double-top pattern, before forming a bearish movement.
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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.