Gold will continue to decline until 1945.

Gold prices fell to their lowest in more than three weeks on Thursday, extending a recent losing streak after some Federal Reserve officials warned against betting on the central bank completing its interest rate hike.
The yellow metal was in the red for the fourth day in a row as pressure continued from a rebound in the dollar and US Treasury yields. Demand for gold as a safe-haven asset also weighed on prices, with markets pricing in a significantly lower risk premium from the war between Israel and Hamas.
As of 11:41 p.m. ET, spot gold was down 0.1% at $1,949.38 an ounce, and gold futures due in December were down 0.2% at $1,954.30 an ounce. It became. Both stocks are down more than 2% on a weekly basis this week. Many Fed officials warned this week that U.S. interest rates will remain high for a long time and that markets should be cautious about betting on rate cuts in the near future. Stable inflation and a resilient U.S. economy could also lead to further rate hikes this year.
His comments partially offset recent views that the Fed's rate hike cycle is over and traders are returning to interest rate-sensitive assets such as the dollar and U.S. Treasuries. Ministry of Finance.
Fed Chairman Jerome Powell gave some small hints about monetary policy in his speech on Wednesday, but it added to the uncertainty. But the president is scheduled to speak at a private event later Thursday.

Although Mr. Powell's comments were seen as less hawkish in the market, Mr. Powell's own rhetoric that U.S. interest rates will remain high for a long time and that more effort is needed to bring down inflation was almost maintained. Such a scenario does not bode well for gold, as rising interest rates increase the opportunity cost of investing in less profitable bullion.

Comment:

XAUUSD 1958-1960 SELL
TP 1 1951
TP 2 1945
SL 1967.