XAUUSD
Price Perspective The XAU/USD pair is exhibiting signs of a strong bearish structure, driven by the strengthening of the USD. From a technical standpoint, recent price action indicates potential bearish momentum, which aligns with the underlying U.S. economic indicators. With interest rates at 5.5%, robust GDP growth of 2.4%, and a low unemployment rate of 3.5%, the U.S. economy appears stable and poised for continued strength. If these economic conditions persist or improve in the near future, the USD may further strengthen, exerting additional downward pressure on gold prices. Conversely, factors such as inflation and trade balance should be monitored, as they could influence the USD's strength and, consequently, gold's price direction. The current landscape suggests that continued bearish movements in gold may be likely, driven by USD strength.
Trade closed: target reached
