Hello everyone, what are your thoughts on gold prices?
Gold's decline is accelerating, dragging the precious metal down toward the 3,320 USD mark. A stronger U.S. dollar and further developments on the trade front following the U.S.-EU agreement have significantly impacted demand for safe-haven assets.
From a technical perspective, the break below the rising price channel could mark the beginning of a deeper correction. Oscillators on the chart have just started turning negative, suggesting that the path of least resistance for gold is now downward.
Looking ahead, Wednesday’s key FOMC decision—along with the accompanying policy statement and Powell’s press conference—will be closely scrutinized for clues on the Fed’s interest rate cut roadmap.
Additionally, investors will face several important U.S. macroeconomic data releases this week, which will play a vital role in shaping the USD’s trajectory and provide new momentum for XAUUSD.
What do you think about the precious metal? Share your thoughts below!
Gold's decline is accelerating, dragging the precious metal down toward the 3,320 USD mark. A stronger U.S. dollar and further developments on the trade front following the U.S.-EU agreement have significantly impacted demand for safe-haven assets.
From a technical perspective, the break below the rising price channel could mark the beginning of a deeper correction. Oscillators on the chart have just started turning negative, suggesting that the path of least resistance for gold is now downward.
Looking ahead, Wednesday’s key FOMC decision—along with the accompanying policy statement and Powell’s press conference—will be closely scrutinized for clues on the Fed’s interest rate cut roadmap.
Additionally, investors will face several important U.S. macroeconomic data releases this week, which will play a vital role in shaping the USD’s trajectory and provide new momentum for XAUUSD.
What do you think about the precious metal? Share your thoughts below!
✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
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.
✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
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.