The market is showing signs of life after an initial drop earlier in the week.
XAUUSD
seems to be moving towards the key 2000 level, which is considered a strong support zone. A break below this level could lead to a significant market reversal, with the US dollar heading sharply higher and interest rates rising again.
XAUUSD
seems to be moving towards the key 2000 level, which is considered a strong support zone. A break below this level could lead to a significant market reversal, with the US dollar heading sharply higher and interest rates rising again.
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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.