Recession concerns and poor US economic data fuel panic
Among recession concerns and generalized losses worldwide amid global tensions, Monday has represented big losses for all markets, stotcks, futures, commodities and crypto. With investors trying to make their profits and taking their investments out of hazzard liquidity will be a huge problem in the days and probably weeks to come which could have a negative effect in trading, causing volatility and a detriment in the volume of operations, which will make difficult for traders to predict and follow tendencies.
In this scenario
XAUUSD could probably continue to drop even more in the days to come to 2300 or beyond, this also represent opportunities for some investors who have been waiting for low prices to aquire gold.
In this scenario
XAUUSD could probably continue to drop even more in the days to come to 2300 or beyond, this also represent opportunities for some investors who have been waiting for low prices to aquire gold.
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