As a 30-year market veteran, I believe that the XAUUSD pair has a good chance of continuing to decline in the next day. The current price is around 2033.94, which is an important resistance level. If the price breaks through this level, it is likely to continue falling to the next support level, which is around 1973.52.
There are several factors that support this forecast. First, the US dollar is strengthening, which tends to pressure the gold price lower. Second, the global economy is slowing down, which can also lead to lower demand for gold as a safe haven asset.
Therefore, my recommendation for the next day is to open a short order on the XAUUSD pair with a stop loss at 2053.94. The initial target is 1973.52, but the final target could be even lower, depending on the strength of the downtrend.
There are several factors that support this forecast. First, the US dollar is strengthening, which tends to pressure the gold price lower. Second, the global economy is slowing down, which can also lead to lower demand for gold as a safe haven asset.
Therefore, my recommendation for the next day is to open a short order on the XAUUSD pair with a stop loss at 2053.94. The initial target is 1973.52, but the final target could be even lower, depending on the strength of the downtrend.