#AAresearchFX #XAUUSD INVERSE CORRELATION TO #DXY
FUNDAMENTAL ANALYSIS:
* The Fed leaving interest rate unchanged set the tone for possible rate cut in coming months.
* The Fed is expected to cut interest rate at least two times by end of 2019.
* Gold trends upward which in effect negates the value of the US dollar.
* Gold uptrend is as a result of investors choice to consider the precious metal as a safe haven to store wealth
* The Fed leaving interest rate unchanged set the tone for possible rate cut in coming months.
* The Fed is expected to cut interest rate at least two times by end of 2019.
* Gold trends upward which in effect negates the value of the US dollar.
* Gold uptrend is as a result of investors choice to consider the precious metal as a safe haven to store wealth
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