GOLD XAUUSD INCOMING SHORT, due to interest rates?

Dear Ziilllaatraders,

Gold is often viewed as a hedge against inflation and a safe-haven asset. As interest rates increase, investors may find alternative investment options more attractive, such as bonds, which offer higher yields. This shift in investor preferences away from gold can lead to a decrease in demand for the precious metal. Gold does not generate interest or dividends, so when interest rates rise, the opportunity cost of holding gold increases. Investors may choose to sell their gold holdings and invest in interest-bearing assets that provide a potential income stream.

Conclusion:
As the dollar strengthens and alternative investments become more appealing, the demand for gold may decrease. This decrease in demand, coupled with a potential increase in the supply of gold as investors sell their holdings, can put downward pressure on gold prices.

So SELL

Greetings,

Ziiilllaatrades