Hey traders! What’s your view on XAUUSD?
Yesterday, gold surged over 400 pips and the rally hasn't slowed down. Price is now hovering around $3,428, right below a key resistance above the all-time high.
Why the spike? US CPI came in lower than expected, boosting hopes for a Fed rate cut. The dollar weakened, tensions in the Middle East grew, and central banks are buying gold aggressively.
Personally, I expect a breakout. What about you – will gold pull back or continue its climb?
Drop your thoughts in the comments!
Yesterday, gold surged over 400 pips and the rally hasn't slowed down. Price is now hovering around $3,428, right below a key resistance above the all-time high.
Why the spike? US CPI came in lower than expected, boosting hopes for a Fed rate cut. The dollar weakened, tensions in the Middle East grew, and central banks are buying gold aggressively.
Personally, I expect a breakout. What about you – will gold pull back or continue its climb?
Drop your thoughts in the comments!
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✅You can get 7-10 Forex, XAUUSD, Bitcoin...signal every day
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+6a8jSQbpr2tmYWFl
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+6a8jSQbpr2tmYWFl
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.