Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Hello dear traders,
At the beginning of the week, the XAUUSD pair remained stable, trading around the $4,050 level without major moves.
At the beginning of the week, the XAUUSD pair remained stable, trading around the $4,050 level without major moves.
The calm comes as markets are carefully watching the Fed’s next move. Recently, more and more traders believe that the central bank may move towards more flexible policies and may be close to cutting interest rates before the end of the year. As a result, we see bond yields falling, U.S. dollar strength fading, and safe-haven demand rising again, creating a strong platform for potential short-term gains in gold.
Technically, XAUUSD is moving within a tight triangle pattern, a well-known pattern that often signals a consolidation phase before a potentially strong move. If the price manages to break above the upper limit of the pattern, the next target could be towards the $4,500 area, a level consistent with the strength of the previous move.
As a follower of market movements, I see overall sentiment gradually tilting in favor of buyers, especially if U.S. data continues to ease pressure on gold.
What do you think about the current scenario? Do you expect the rise to continue, or do you expect another decline?
I wish you trading calmly, confidently and profitably.
