The Federal Reserve has stopped raising interest rates, which means that assets like gold may have higher rates for a longer time.
Gold has not seen much demand as a safe haven in the past month, but a potential recession in the US and Europe could change that.
Buyers are optimistic due to a positive chart pattern and sustained trade in XAU/USD above the EMA at $1954.
The RSI (14) supports this uptrend, but there is limited room for growth.
The price range of 1966-1952 is narrow, and it may increase during the Eurasian session. However, volume management is important, and an absolute stop loss is recommended during strong market fluctuations.
The strategy for selling around 1975 and buying around 1950-1945 has been indicated and can be applied accordingly.
Gold has not seen much demand as a safe haven in the past month, but a potential recession in the US and Europe could change that.
Buyers are optimistic due to a positive chart pattern and sustained trade in XAU/USD above the EMA at $1954.
The RSI (14) supports this uptrend, but there is limited room for growth.
The price range of 1966-1952 is narrow, and it may increase during the Eurasian session. However, volume management is important, and an absolute stop loss is recommended during strong market fluctuations.
The strategy for selling around 1975 and buying around 1950-1945 has been indicated and can be applied accordingly.
Comment:
1970 now
Comment:
Gold now 1950 ✅✅✅
Trade active:
Buy 1945 🚀
Active 🚀