Hello everyone!
In general: Last week, we received important news from the FED. However, it was bad news for the USD as this precious metal continues to maintain a strong upward trend. Currently, gold has temporarily paused at $1992 and shows further signs of increasing, indicating its long-term growth strength.
Regarding the outlook and analysis of XAU/USD trend:
The upward trend has been continuing for the past 4 weeks, forming and reinforcing a new uptrend channel that is performing well. Alexia's target is for gold to reach the $2005 area next week and conquer the weekly high at $2010. What are your thoughts? Do you agree with Alexia?
In general: Last week, we received important news from the FED. However, it was bad news for the USD as this precious metal continues to maintain a strong upward trend. Currently, gold has temporarily paused at $1992 and shows further signs of increasing, indicating its long-term growth strength.
Regarding the outlook and analysis of XAU/USD trend:
The upward trend has been continuing for the past 4 weeks, forming and reinforcing a new uptrend channel that is performing well. Alexia's target is for gold to reach the $2005 area next week and conquer the weekly high at $2010. What are your thoughts? Do you agree with Alexia?
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Latest support for xauusd 1983 USD
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Looking at the long term, this precious metal is still supported by healthy demand from central banks, concerns about economic recession, and de-dollarization trends.
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