💡 XAUUSD: Strong increase around 2000 level

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➡️Gold prices surged to a three-week high of approximately 2,000 USD per ounce due to a boost from short-selling activities among gold futures traders and discouraging reports on home sales in the US. This upward trend persisted even after the US Federal Reserve (Fed) hinted at maintaining higher interest rates in the immediate future.

➡️In the minutes from the November monetary policy meeting, the Fed underscored that, despite interest rates hovering near their peak, there was no indication of an imminent reduction. Nevertheless, the Fed acknowledged escalating risks to the economy.

➡️Furthermore, the US Central Bank is closely monitoring bond yields, as heightened volatility has left its mark on financial markets. Some analysts posit that the Fed's involvement in the bond market to stabilize yields could serve as a catalyst for a substantial increase in gold prices.
註釋
The market is expected to be quiet on Wednesday (US time) before the Thanksgiving holiday. Experts believe that the market will also be less volatile after reopening on Friday after the holiday.
註釋
After creating bullish signals on the daily frame, gold prices increased sharply in the past session, sometimes breaking the psychological barrier of 2000, but after that, buyers could not maintain above this price level, despite this. , the selling pressure here is still quite weak. The 2000 zone is an important price zone. You should avoid rushing into trading at this time. Only consider entering orders when the price breaks out or creates a notable bearish signal here.
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NEWS :
- Unemployment Claims
- Revised UoM Consumer Sentiment
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💡 XAUUSD: 2000 retest attempt
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