You can see that the month of March closed with a super bullish candle. On the weekly timeframe, you can see the failed long tailed bar, which shows that the bears tried to push the market down. And I think short-term pullbacks will remain buying opportunities; these could be round levels or Fibonacci retracement levels.
XAUUSD
is rising for a variety of reasons, including geopolitics, central bank buying, and, of course, potential interest rate cuts.
However, J. Powell, the Chair of the Federal Reserve, recently addressed the public while the market was closed. He mentioned that there has been progress in tackling inflation, which is a positive sign. But he also emphasized that the Federal Reserve is in no hurry to reduce interest rates. According to Powell, more data is required to make informed decisions about future monetary policies.
XAUUSD
is rising for a variety of reasons, including geopolitics, central bank buying, and, of course, potential interest rate cuts.
However, J. Powell, the Chair of the Federal Reserve, recently addressed the public while the market was closed. He mentioned that there has been progress in tackling inflation, which is a positive sign. But he also emphasized that the Federal Reserve is in no hurry to reduce interest rates. According to Powell, more data is required to make informed decisions about future monetary policies.