XAU/USD SHORT FOR THE (MONTH) OF JULY

2 Jul 2023

Based on the thorough technical and fundamental analysis I have carried out, I am predicting a bearish outlook for the XAU/USD pair for the month of July. Key indicators such as increased strength of the U.S. dollar, dovish stances from central banks, as well as emerging global economic stability, are all contributing to this projection. The possible headwinds for gold include continued economic recovery post-pandemic and potential rate hikes by the Federal Reserve. On the technical front, the pair has shown a consistent downtrend in recent weeks. Investors should consider selling XAU/USD this month to capitalize on potential downside movements. Please note, as always, that this advice is based on current circumstances and market risks should be taken into account when making decisions.