Gold recovers on bad news for USD
World precious metal prices reversed thanks to the weakening of the USD.
The market is starting to focus on the monetary policy meeting of the US Federal Reserve (Fed) that will take place early next week. The majority of the market thinks the Fed will pause the austerity cycle.
In addition, its role as a safe-haven asset against geopolitical issues will also boost gold. The company's experts also think that the role of gold's development room will have less impact on the direction of this precious metal.
XAUUSD SELL LIMIT 1966 - 1970
𝖳𝖯1 1960
𝖳𝖯2 1955
TP3 1950
𝖲𝖫 1975
The market is starting to focus on the monetary policy meeting of the US Federal Reserve (Fed) that will take place early next week. The majority of the market thinks the Fed will pause the austerity cycle.
In addition, its role as a safe-haven asset against geopolitical issues will also boost gold. The company's experts also think that the role of gold's development room will have less impact on the direction of this precious metal.
XAUUSD SELL LIMIT 1966 - 1970
𝖳𝖯1 1960
𝖳𝖯2 1955
TP3 1950
𝖲𝖫 1975
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