XAUUSD has decreased for three consecutive days
The gold price for XAU/USD has decreased for three consecutive days, indicating a return to a bearish market after a two-week hiatus.
Despite mixed sentiment, the US Dollar has remained stable while concerns about the US debt ceiling expiration and a possible recession have reinforced the bearish trend for XAU/USD. The expiration of the US debt ceiling, which has been pushed back until early next week, has further contributed to the XAU/USD downtrend.
However, optimism among US policymakers and hopes of a rebound in inflation in China have defied the bears. In my view, gold will continue to decline and target 1980USD/oz
Despite mixed sentiment, the US Dollar has remained stable while concerns about the US debt ceiling expiration and a possible recession have reinforced the bearish trend for XAU/USD. The expiration of the US debt ceiling, which has been pushed back until early next week, has further contributed to the XAU/USD downtrend.
However, optimism among US policymakers and hopes of a rebound in inflation in China have defied the bears. In my view, gold will continue to decline and target 1980USD/oz
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.