XAU Bearish Scenario!!Tell you why!!

Fundamental analysis:
The recent monetary policy decisions, such as the increase in interest rates, have a significant impact on the direction of the XAU market. According to one view, the bearish trend is expected to continue due to the effects of these monetary policy changes on supply and demand dynamics. However, another perspective suggests that XAU may be able to rise even during high inflation and interest rates, as the market dynamics are complex and multi-faceted. Additionally, there are concerns that the continued rise in interest rates may lead to a decrease in XAU value. Overall, the direction of XAU is influenced by many factors, including monetary policy and market sentiment, and careful analysis is necessary to make informed predictions.
Technical analysis:
In regards to the XAU market, it is evident that monetary policy decisions such as changes in interest rates and shifts in supply and demand for XAU productions significantly impact the market trend. Currently, the market is showing a bearish trend, and it is expected that the price may continue to decrease following a potential correction. However, it is important to note that XAU is still viewed as a safe asset and its value may increase in the future. Despite this, an increase in interest rates by the Federal Reserve in the coming months may result in a more pronounced bearish effect on the XAU market. Therefore, it is crucial to monitor monetary policy developments and market trends in order to make informed investment decisions.
Targets:1882(correction) ,1833.1800,1724,1700
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my idea."