Gold xauusd down 👇👇🎯

XAUUSD Gold price trades in the red below $2,180 early Wednesday, reversing the previous day's uptick to $2,200. The US Dollar remains on front foot, as market sentiment sours and the USD/JPY uptrend regains momentum. Focus shifts to Fed Governor Waller's speech.

Gold (XAU/USD) has lacked directional conviction since the beginning of 2024, with prices oscillating between technical resistance at ~$2,065 and horizontal support at ~$2,005. Although bullion’s prospects seemed more positive a month ago, the bullish thesis appears to be on hold for now, especially after the Federal Reserve indicated that it is in no hurry to start lowering borrowing costs. EURUSD

Comment:

#XAUUSD/GOLD 🥇 SELL
/TP 1/30 PIP RUNNING