XAUUSD H4 : SELL SETUP FOUND HERE STRONGLY
Its clear that the price of the Gold will fall below the 2000$ and will continue more downs in the future.
In the XAU/USD Price Forecast 2024, our analyst, Eren Sengezer, notes that Gold carries its bullish potential into early 2024 on prospects of a looser Fed policy, lower US bond yields and a weaker USD. A downturn in the global economy, however, could weigh on demand and limit the precious metal’s gains. A lack of progress in the Fed’s efforts to lower inflation, on the other hand, could cause XAU/USD to turn south.
Gold started the week under modest bearish pressure but managed to erase its losses ahead of the weekend. Investors still see a strong probability that the Federal Reserve (Fed) will opt for a rate cut in March, not allowing US bond yields to push higher and supporting XAU/USD. Next week’s calendar will not offer any high-tier data releases from the US, but Chinese growth figures and geopolitical headlines could influence the precious metal’s valuation.
Note: For more updates and information about different pairs of the stocks, indices, forex and crypto.
Its clear that the price of the Gold will fall below the 2000$ and will continue more downs in the future.
In the XAU/USD Price Forecast 2024, our analyst, Eren Sengezer, notes that Gold carries its bullish potential into early 2024 on prospects of a looser Fed policy, lower US bond yields and a weaker USD. A downturn in the global economy, however, could weigh on demand and limit the precious metal’s gains. A lack of progress in the Fed’s efforts to lower inflation, on the other hand, could cause XAU/USD to turn south.
Gold started the week under modest bearish pressure but managed to erase its losses ahead of the weekend. Investors still see a strong probability that the Federal Reserve (Fed) will opt for a rate cut in March, not allowing US bond yields to push higher and supporting XAU/USD. Next week’s calendar will not offer any high-tier data releases from the US, but Chinese growth figures and geopolitical headlines could influence the precious metal’s valuation.
Note: For more updates and information about different pairs of the stocks, indices, forex and crypto.
Trade active:
we will soon achieve the target successfully with the strong patience. Patience is the key of the trading.
Comment:
this is good victory in the right direction
Comment:
keep following me for more updates
Comment:
we provide our best services here on trading view.............
Comment:
stay strong with me for more updates
Trade active:
For more updates and information about different pairs of the market like as crypto, forex and much more keep following me.
thanks for you support
thanks for you support
Trade closed: target reached:
Last time Gold reached successfully near 2002$ and saved almost more than 510 Pips in the right way.
My first target has been successfully achieved and about my second target I will provide best analysis in the coming days
Its really a great achievement and thanks for your support but sorry for late updates.
My first target has been successfully achieved and about my second target I will provide best analysis in the coming days
Its really a great achievement and thanks for your support but sorry for late updates.
and done almost 150+ pips