UnknownUnicorn38077853

GOLD : Despite the interest rate hike, gold is destined to fly

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD

Gold is ready to fly to 1910-2000. This is a first flight and the next flights are coming, despite raising the interest rate of the Federal Reserve to 75 basis points and clarifying that there is an increase in interest rates in the upcoming meetings, which gives us evidence that the market is saturated with the impact of this news, so technical analysis and geopolitical supports She is the decision maker.
The press conference of the US Central Bank was weak in response to solve the inflation crisis, and even confirmed that inflation may stabilize at 2.2% in the year 2024 after two years, and this depends in parentheses depends that the upcoming US data must be positive, and today it was negative such as unemployment and housing data
And the next worse for the US dollar .

The best purchasing area is: 1835-1832

As a correction after going up to 1845 book your entry and stop loss below 1822

and goals:

1855

1865

1875

And the last is 1885
Disclaimer

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.