◽️ Gold try to recover it’s losses last week but seems to be having a tough gathering bullish momentum.

◽️ The US10Y grew around 1% last days of the week and pressured on gold.

◽️ The Federal Reserve Hawkish policies are the only thing that puts downward pressure on gold

◽️ But in our view, gold maintains its upward bias But the economy is not so strong and most experts are talking about a recession

◽️ We predict a period of stagflation and this is positive for gold.

◽️ What matters in the short term is the Federal Reserve raising interest rates, which is driving traders to buy dollars.

◽️ The Fed will remain seriously Hawkeyes, and we will see more than a 50-fold increase in interest rates.

◽️ The Fed will remain seriously Hawkeyes, and we will see more than a 50-fold increase in interest rates.

🔻 As a result, we are waiting for the gold trade to be ready for a recession and a rise in gold after the end of US monetary policy.

◽️ As the old saying goes, markets can stay overbought and oversold longer than most of us can stay solvent,” said Darin Newsom, president of Darin Newsom analytics.

◽️ “Additionally, Newsom’s Rule #6 tells us ‘fundamentals win in the end,’ and the U.S. dollar’s fundamentals remain bullish.

◽️ Investors worried that a more aggressive move by major central banks to constrain inflation could hit global economic growth and lead to a recession

◽️ Risk aversion and Protecting assets against inflation flow spurred a rally in bonds, due the 10-year yields peak of 3.20% could lend some support to the safe-haven gold

◽️ hedge against inflation could help limit deeper losses for the XAUUSD, at least for now

◽️ What matters most is the results of US inflation news this week, Retail Sales, Building Permits, Crude Oil Inventories, Philadelphia Fed Manufacturing Index

◽️ Calendar event result can shows the outlook of FED monetary policy for next sessions And it can be a potential driver for gold movement

🔻 The possibility that the Fed’s tightening cycle will lead to a recession is good news for gold.