Gold (XAU/USD) is experiencing a pullback on Tuesday, retreating from Monday's impressive rise to six-week highs. As traders take advantage of recent gains, the precious metal faces downward pressure, limiting its downside potential. The current exchange rate reflects this profit-taking sentiment, impacting the overall trading dynamics in the forex market.
Market speculation surrounding potential interest rate cuts by the Federal Reserve continues to affect gold's performance, as the likelihood of a softer monetary policy supports demand for non-yielding assets. Meanwhile, fluctuations in the USD and broader market conditions are keeping investors on edge, influencing the currency pair's movement as they navigate the implications of these economic developments.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-02 14:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.