Long term trade for XAU
Regarding long-term trading, traders should trade according to the USD market through US monetary policy, XAU price will thereby be supported.
In the near future, the US will cut interest rates but it still depends on many factors from the central bank
Many other central banks such as Europe's ECB or Britain's BOE may cut interest rates sooner. This also means that, in the short term, the USD may still increase.
In the near future, the US will cut interest rates but it still depends on many factors from the central bank
Many other central banks such as Europe's ECB or Britain's BOE may cut interest rates sooner. This also means that, in the short term, the USD may still increase.
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