XAUUSD Gold signal at the beginning of the month

XAUUSD Late Tuesday, ratings agency Fitch downgraded the top U.S. government credit rating to AA+ from AAA, citing the risk of a financial recession over the next three years. The US dollar partially reversed earlier gains and tracked fresh weakness in US Treasury yields, providing some support for gold prices early Wednesday.

The greenback failed to capitalize on an extension of risk-off trades and US Treasury Secretary Janet Yellen's disapproval of Fitch's downgrade, as bets rose on a pause in interest rate hikes. rate of the US Federal Reserve (Fed) later this year amid signs that the US labor market is struggling. cooling.

Trade active:

Signal is ready. Let's follow

Trade closed: target reached:

SELL XAUUSD 1954 => 1935. 190pip. BIGWIN FOR US

Comment:

yesterday was a big day, congrats to those who follow my signal. Who wants to continue winning today?