XAUUSD: Uptrend is Dominating!
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The bullish trend continued in today's trading session, with the precious metal aiming to maintain its move around the $2,750 mark early Tuesday. Despite the rebound, gold prices remained within a familiar range as the US dollar's rally paused ahead of the release of top US economic data later on Tuesday.
Meanwhile, growing excitement over a possible victory for former US President Donald Trump in the November 5 election, combined with hopes for more stimulus from China, supported global equities, reducing the safe-haven appeal of the US dollar, which in turn continued to support gold prices in the coming period.
Wishing you successful trading and good luck in the markets!
The bullish trend continued in today's trading session, with the precious metal aiming to maintain its move around the $2,750 mark early Tuesday. Despite the rebound, gold prices remained within a familiar range as the US dollar's rally paused ahead of the release of top US economic data later on Tuesday.
Meanwhile, growing excitement over a possible victory for former US President Donald Trump in the November 5 election, combined with hopes for more stimulus from China, supported global equities, reducing the safe-haven appeal of the US dollar, which in turn continued to support gold prices in the coming period.
Wishing you successful trading and good luck in the markets!
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