_It appears that market participants welcomed the loosening of labor conditions, a critical factor in the Federal Reserve’s (Fed) decision-making. The market sentiment, however, is not completely positive._ ❌
🕊️ Easing political tensions in the United States partially benefited the US Dollar.
❄️ Signs of a cooling US labor market further fueled demand for the Greenback.
💰 XAU/USD briefly traded beyond the $5,000 level, but the intraday retracement hints at lower lows ahead.
Read Valeria Bednarik’s analysis on the next #XAU/USD moves 🔽