Arty_Chaiyong

GOLD FOLLOWING TREND FOR THE WAR

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The war is at risk of continuing after the United States blocked a second UN ceasefire resolution. The United States argued that it would be more beneficial to Hamas. Israel is seeking a ground attack in Palestine with the aim of eliminating Hamas.(+Gold)
- USD Dollar has the chance to strengthen the most in 2 weeks as the US prepares to announce GDP Q3/2023, expected to expand at 4.2%, indicating that services and investment in the US have increased opportunities. This pushes up US inflation and raises concerns that the FED may signal to raise interest rates one more time this year (strong dollar).
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