The XAUUSD’s pullback on Black Monday was driven by speculative factors. The precious metal’s uptrend remains strong, and its short-term prospects will be determined by US inflation data. Let’s discuss this topic and make a trading plan.
Highlights and key points
The correction of XAUUSD was speculative.
Since the beginning of the year, the precious metal has grown by almost 21%.
Bulls’ main advantages remain in play.
Gold continues to climb towards $2500 per ounce.
Weekly fundamental forecast for gold
On Black Monday, gold experienced a significant decline in value. However, was this a result of fundamental economic factors, or… Read full author’s opinion and review in blog of #LiteFinance
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