XAUUSD

٢٧ أبريل ٢٠٢٤

Looks like ya basic 1,2,3 pattern on the Daily
Target is a nice round $2,500

• Gold may rise due to:
  
• Inflation hedge: Investors often turn to gold to protect against inflation, as it retains its value during periods of currency devaluation.
  
• Safe haven asset: Economic uncertainty and instability in the USD could drive investors to seek the safety of gold.
  
• Real interest rates: Low or negative real interest rates, influenced by inflation, reduce the opportunity cost of holding gold.
  
• Geopolitical tensions: Gold is seen as a reliable asset during geopolitical uncertainty, attracting demand from investors seeking stability.