XAU will decline and prepare for a new increase

Although the market has confirmed that interest rates have peaked and will be cut next year, Powell remains mum on whether the Fed has won the fight against inflation. Powell also said that while the market expects U.S. interest rates to fall 100 basis points by the end of next year, with an initial 25 basis point cut in May 2024, the Fed will continue to raise rates if necessary. He said he would continue.

The dollar is depreciating as the market supports the view that interest rates will stop rising. DXY has fallen 4 points since the beginning of November and has easily broken through several support levels. If the 200MA line cannot be regained, the price is likely to continue declining.

הערה:

SELL 2006 - 2008
TP1: 1994
TP2: 1990

SL: 2018

הערה:

📣US unemployment benefit claims this week were at 209K, lower than the forecast of 226K

הערה:

Hít TP 1

הערה:

hit TP 2

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buy can buy 1990

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running 80 pips

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Bank holiday bull market

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Please continue to follow XAU direction, everyone

הערה:

Bank holiday bull market

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Gold is running very slowly waiting for news tonight

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We have PMI news tonight

הערה:

Good news for USD, gold will fall sharply

הערה:

Gold price increased the highest in the short term, the highest recorded price in 2018