XAUUSD - The market continues to decline, the buying strategy is
Gold prices fluctuated with key support at $1,900 as investors awaited the minutes of the Federal Open Market Committee (FOMC) to determine when to release and when to top interest rates.
Precious metals continue to find offers from market participants as the US Dollar and Treasury yields rise on the resilience of the US economy, in contrast to the poor economic outlook of the US. China.
According to CME Group's FedWatch Tool, the market generally expects interest rates to remain flat for the rest of the year. However, the resilience of the US economy due to stronger consumer spending dynamics and tightening labor market conditions could force US Federal Reserve policymakers to Fed) must keep interest rates high for longer.
Precious metals continue to find offers from market participants as the US Dollar and Treasury yields rise on the resilience of the US economy, in contrast to the poor economic outlook of the US. China.
According to CME Group's FedWatch Tool, the market generally expects interest rates to remain flat for the rest of the year. However, the resilience of the US economy due to stronger consumer spending dynamics and tightening labor market conditions could force US Federal Reserve policymakers to Fed) must keep interest rates high for longer.
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✅ TP1: 1896
✅ TP2: 1904
🛑 SL: 1888