GOLD(XAUUSD) to 1900 due to incoming PIVOT
Why am I thinking of a pivot well here is why:
A way lower consumer confidence was come out than expected which wil result in consumers well.. consuming less.
This will trigger less demand and same supply which will make expectations that prices will be dropping.
This again resulting in lower inflation expectations and so wil the expect that the rates are going to drop(Pivot).
the dollar is mainly so strong due to the rising rates so if the rate are expected to dorp so will the Dollar in my opinion.
Let me know in the comments what you think.
Thanks for taking your time to review my idea!
A way lower consumer confidence was come out than expected which wil result in consumers well.. consuming less.
This will trigger less demand and same supply which will make expectations that prices will be dropping.
This again resulting in lower inflation expectations and so wil the expect that the rates are going to drop(Pivot).
the dollar is mainly so strong due to the rising rates so if the rate are expected to dorp so will the Dollar in my opinion.
Let me know in the comments what you think.
Thanks for taking your time to review my idea!
