XAUUSD
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😳🚀 Upcoming FOMC Provide Surprises (Gold)
Since the end of last year, the speculation of the Fed's rate cuts by Q1 2024 flooded the market, making some assets move fluctuatively.
According to the CME FedWatch Tool, the probability of a rate cut in the March meeting has declined substantially from more than 75% last month to less than 50% today.
Meanwhile, the market is confident that the rate will remain the same for next week's FOMC meeting; such conviction has put Gold under pressure.
Gold maintained within the sideways range at around 2,000 - 2,040 USD per troy ounce without any significant breakout.
If Gold closes above 2,040 and 2,065 USD per troy ounce, its last swing high, the price may hit 2,080 USD per troy ounce again.
On the contrary, Gold may plummet to return to 1,955 - 1,975 USD per troy ounce if the price closes below 2,000 USD per troy ounce again.
#XAUUSD #BTC $BTC #Launchpool #MANTA #etf
Since the end of last year, the speculation of the Fed's rate cuts by Q1 2024 flooded the market, making some assets move fluctuatively.
According to the CME FedWatch Tool, the probability of a rate cut in the March meeting has declined substantially from more than 75% last month to less than 50% today.
Meanwhile, the market is confident that the rate will remain the same for next week's FOMC meeting; such conviction has put Gold under pressure.
Gold maintained within the sideways range at around 2,000 - 2,040 USD per troy ounce without any significant breakout.
If Gold closes above 2,040 and 2,065 USD per troy ounce, its last swing high, the price may hit 2,080 USD per troy ounce again.
On the contrary, Gold may plummet to return to 1,955 - 1,975 USD per troy ounce if the price closes below 2,000 USD per troy ounce again.
#XAUUSD #BTC $BTC #Launchpool #MANTA #etf
🚨 Gold Forecast & Prediction
🔥🚨 Gold (XAUUSD) Take-Aways ➡️ The gold price will be stably growing in the long term. The historical high was set at $2,073 in May 2023.➡️ Most expert analysts predict that the XAUUSD rate will rise. The precious metal is expected to update its historical peak: the rate may exceed $2,300 in early 2024.➡️ The price will continue to rise in 2025 - 2030. In optimistic scenarios, the rate will go above $3,000. Still, deep corrections to $1,928 are also possible.➡️ The gold price rises during market instability and amid high demand for precious metals. The XAUUSD is considered an excellent long-term investment asset.🔥🚨 How to make Forecast ?➡️Fundamental analysis: allows you to track changes in monetary policy and other factors affecting the price of precious metals. First of all, these are changes in the global financial system and the actions of the US central bank.Therefore, it is extremely important to take into account various macroeconomic indicators: federal funds rate changes;1) inflationary expectations;2) currencies’ movements and the money supply size3) balance of imports and exports.🌟 Remember that fundamental analysis is commonly used in predicting global trends.➡️Technical analysis:This approach includes studying the history of XAUUSD quotes on charts using indicators and other tools for analyzing price movements. Technical analysis can help determine support and resistance levels, trend lines, possible price breakouts and reversals both in the long term, and in intraday trading.Gold has a directional movement in the long term. Therefore, for technical analysis, trend indicators such as Moving Averages, RSI, MACD, and Bollinger Bands are primarily used.➡️Market sentiment analysis:This approach consists in assessing the mood of buyers and sellers, namely, who has a dominant position in the market at the moment. Market sentiment analysis instruments include surveys, content monitoring in social networks, and specialized online platforms, such as litefinance.org.It is important to remember that market sentiment can change very quickly. It is influenced by future gold price forecasts from professional analysts or, for example, by what information Fed Chairman Jerome Powell will provide.#XAUUSD $BTC $BNB $BNB #Gold #BTC #sol #BinanceWish Thanks for reading....
#XAUT #XAUUSD What You Guys Think about #BTC & #Gold Correlation 😹 BTC May Hold? or Coming 2 Days Are Dedicated For Slaughtering ceremony? YT at #RajaWaric
After taking the liquidity and having a correction #GOLD looks ready to attack $2500 .
*not an advice
#XAUUSD #forextrading #forex
*not an advice
#XAUUSD #forextrading #forex
