No rate cut from the Fed = USD bullish for sometime
Strong USD make gold weak
Overall the gold market is bullish on the long run.
I expect a market manipulation around 2038-2049 area = resistance trend line
that will make the market look very bullish, so they will fooled everyone with a bearish Momentum.
I expect xauusd to go around 1985 - 1975 or maybe lower. Then we go to all time high
Strong USD make gold weak
Overall the gold market is bullish on the long run.
I expect a market manipulation around 2038-2049 area = resistance trend line
that will make the market look very bullish, so they will fooled everyone with a bearish Momentum.
I expect xauusd to go around 1985 - 1975 or maybe lower. Then we go to all time high
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Why ? this is the big trend line and also the 78.2% retracement fibonnaci (key lvl)