The apparent progress in US debt ceiling talks and hawkish US Federal Reserve commentary has taken off some of the heat off gold’s rally. The focus now shifts to key support levels – a break below which would solidify the chances that gold’s rally had peaked for now.
XAU/USD has been lofty in recent weeks amid fears of a potential US debt default and hopes of an end of the Fed hiking cycle. But those drivers appear to be changing. “I’m confident that we’re going to continue to make progress toward avoiding default and fulfilling America’s responsibility as a leader on the world stage”, US President Joe Biden said after a meeting with top Republican lawmakers met at the White House on Tuesday.
Gold hit all TP 510 PIPS from sell zone 2! CONGRATS!
#M88N
#GOODLUCK
XAU/USD has been lofty in recent weeks amid fears of a potential US debt default and hopes of an end of the Fed hiking cycle. But those drivers appear to be changing. “I’m confident that we’re going to continue to make progress toward avoiding default and fulfilling America’s responsibility as a leader on the world stage”, US President Joe Biden said after a meeting with top Republican lawmakers met at the White House on Tuesday.
Gold hit all TP 510 PIPS from sell zone 2! CONGRATS!
#M88N
#GOODLUCK
t.me/M88NVIP