XAUUSD - nirvana-like conditions but can it last?
Given the moves in the USD and US real rates - Its probably no surprise that XAUUSD is also testing the top of its channel and its 50-day MA – this is similar to EURUSD, but price has progressed a little further. This has been gold’s time to shine as we’ve seen market-based measures of inflation expectation ('breakeven' rates) moving higher, while real rates have fallen sharply – with a weaker USD these are nirvana-like conditions for the yellow metal – the question obviously is whether it can last?
I am not sure the Fed will be overly happy with the easing of financial conditions – they may push back but let’s see next week’s US CPI print – it seems key.
These are levels many swing traders will lean against but it will require real rates (TIPS) to resume its primary trend higher
I am not sure the Fed will be overly happy with the easing of financial conditions – they may push back but let’s see next week’s US CPI print – it seems key.
These are levels many swing traders will lean against but it will require real rates (TIPS) to resume its primary trend higher
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Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.