#AAresearchFX #XAUUSD INVERSE CORRELATION TO #DXY

19 มิ.ย. 2019

FUNDAMENTAL ANALYSIS:

The Fed interest rate announcement today will set the inverse trend pace between gold (XAUUSD) and the US dollar (DXY)

* 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