XAUUSD - BUY NOW - NY SELL OFF

2024年10月21日

• New York open Sell off on profits made on today's up trend from the start of the day.
  
  
• Same Fundamentals and reasons to Buy haven't changed.
  
  
• A Return to Previuos Level Pattern most probably in play
  
  
• Why should gold drop now ?
  
• No reason at all
  
  
• All major 8 countries are forecast to drop interest rates from now until the end of next year except Japan.
  
  Country Last Q4/24 Q1/25 Q2/25 Q3/25
  Australia 4.35 Sep-24 4.35 4.1 3.85 3.6
  Canada 4.25 Sep-24 4 3.5 3 3
  Euro Area 3.4 Oct-24 3.4 3.15 2.9 2.65
  United Kingdom 5 Sep-24 4.5 4 3.5 3
  Japan 0.25 Sep-24 0.25 0.4 0.4 0.4
  New Zealand 4.75 Oct-24 4.75 4.5 4.25 4
  Switzerland 1 Sep-24 1 1 1 1
  United States 5 Sep-24 4.5 4.25 4 3.75
  

Reason :

• Inflation Hedge: Gold has historically retained its value during periods of high inflation, acting as a safeguard when fiat currencies lose purchasing power.
  
  
• Global Economic Uncertainty: Geopolitical tensions or economic instability (e.g., trade wars, recessions) often lead to increased demand for safe-haven assets like gold.
  
  
• Central Bank Policies: Lower interest rates or potential rate cuts by central banks can weaken currencies, making gold more attractive as an alternative investment.
  
  
• Weakening USD: If the U.S. dollar shows signs of weakening due to monetary policy shifts or weaker economic data, gold usually benefits, as it's priced in dollars and becomes cheaper for holders of other currencies.
  
  
• Supply Constraints: Limited new discoveries of gold and higher production costs could lead to reduced supply, potentially pushing gold prices higher over time.