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XAUUSD CONFIRM PREDICTION IN BUY FOR TODAY
Gold price (XAU/USD) drops further as safe-haven demand diminishes amid no further escalation in geopolitical tensions. A recovery in the US Dollar and long-term bond yields further weigh on the precious metal.
The downside move in Gold, however, may be short-lived as investors see an end to the Federal Reserve’s (Fed) rate-tightening campaign, due to gradually easing consumer inflation and higher Treasury yields, which have tightened financial conditions significantly.
XAUUSD BUY : 1966
TP. : 1973
TP. : 1980
TP. : 1990
SL. : 1953
The downside move in Gold, however, may be short-lived as investors see an end to the Federal Reserve’s (Fed) rate-tightening campaign, due to gradually easing consumer inflation and higher Treasury yields, which have tightened financial conditions significantly.
XAUUSD BUY : 1966
TP. : 1973
TP. : 1980
TP. : 1990
SL. : 1953
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