XAUUSD
Gold price trades in the red below $2,180 early Wednesday, reversing the previous day's uptick to $2,200. The US Dollar remains on front foot, as market sentiment sours and the USD/JPY uptrend regains momentum. Focus shifts to Fed Governor Waller's speech.
Gold (XAU/USD) has lacked directional conviction since the beginning of 2024, with prices oscillating between technical resistance at ~$2,065 and horizontal support at ~$2,005. Although bullion’s prospects seemed more positive a month ago, the bullish thesis appears to be on hold for now, especially after the Federal Reserve indicated that it is in no hurry to start lowering borrowing costs. EURUSD
Gold (XAU/USD) has lacked directional conviction since the beginning of 2024, with prices oscillating between technical resistance at ~$2,065 and horizontal support at ~$2,005. Although bullion’s prospects seemed more positive a month ago, the bullish thesis appears to be on hold for now, especially after the Federal Reserve indicated that it is in no hurry to start lowering borrowing costs. EURUSD
Exclusive Offers, Services & Signals IN Telegram Channel
Join free telegram channel
t.me/universaltrader_009
huge profitable trades Knock on your doors join my telegramchannel
t.me/universaltrader_009
Join free telegram channel
t.me/universaltrader_009
huge profitable trades Knock on your doors join my telegramchannel
t.me/universaltrader_009
/TP 1/30 PIP RUNNING