Macroeconomic Outlook
Hello dear friends;
We interpreted the DXY (Dollar Index) last week. On Thursday, there are very important data on the Euro and the US side.
My view on the FED and interest rate policies has not changed. If the US GDP is heavily affected by monetary tightening, we may see a softening in the interest rate of the FED. I see this situation for sure for the cash flow-dependent US economy.
The loosening of monetary tightening and the China-US tension in the Pacific may create a stimulus.
When we examine the XAU/USD chart in the daily term:
The price has been declining for six days. We can see an upward movement in the coming days. The important resistance levels are $ 1787-1773-1755. If we see an upward movement;
Scenario 1: The price may directly exceed the $1800 level and go up.
Scenario 2: After a 3-wave (ABC) correction, it can drop to $1712-1700 levels.
Hello dear friends;
We interpreted the DXY (Dollar Index) last week. On Thursday, there are very important data on the Euro and the US side.
My view on the FED and interest rate policies has not changed. If the US GDP is heavily affected by monetary tightening, we may see a softening in the interest rate of the FED. I see this situation for sure for the cash flow-dependent US economy.
The loosening of monetary tightening and the China-US tension in the Pacific may create a stimulus.
When we examine the XAU/USD chart in the daily term:
The price has been declining for six days. We can see an upward movement in the coming days. The important resistance levels are $ 1787-1773-1755. If we see an upward movement;
Scenario 1: The price may directly exceed the $1800 level and go up.
Scenario 2: After a 3-wave (ABC) correction, it can drop to $1712-1700 levels.
