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Xauusd:The forecast is completely correct

FX:XAUUSD   Gold Spot / U.S. Dollar

This week, focus on the release of the latest minutes of the Federal Open Market Committee meeting and existing home sales data for October on Tuesday, and the release of durable goods data for October, the University of Michigan consumer confidence data for November, and the number of people applying for unemployment benefits at the beginning of each week on Wednesday.The market will also be closed on Thursday due to the Thanksgiving holiday in the United States.

As the U.S. economy shows signs of inflationary pressure and the labor market cools, the market expects the Fed to stop raising interest rates, causing the dollar to weaken throughout the week and gold to rise.Although the Fed's aggressive interest rate stance has attracted widespread market attention, as global financial markets become more and more worried about the size of U.S. debt, investors should also pay attention to its balance sheet.

Today, the lowest gold reached 1973, and the highest reached 1993 last week.

From the chart, you can see that gold fluctuates between the trend 1965-1993

So we can choose to trade in this range and strictly set the stop loss, so that your success rate will be greatly increased

This is my forecast this morning. Gold stopped falling and rebounded in 1965 according to my forecast.

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Will it rise again today?
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