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Every investor looks for certainty in the market and a chart that keeps rising without a single fluctuation. The sight of a perfectly smooth profit line creates a feeling of security and invulnerability. However, the greatest danger often lurks precisely behind the most attractive performance curve, in the form of aggressive strategies capable of completely wiping out an account in a single moment.
Gold price extended its sell-off during the early NY trading session, hitting a fresh multi-week low of $4,520. The strength of the US dollar and the Federal Reserve’s hawkish stance were the main negative factors pressuring gold prices.
Bitcoin has declined for the second consecutive day due to uncertainty regarding central bank actions. As of this writing, Bitcoin is trading below $72,000.
AUDNZD surged to a new 13-year high of 1.2145. Although bullish momentum remains strong, the pair is overextended on the higher timeframe, raising concerns about the rally's sustainability and the potential for a pullback.
Another busy central bank week is upon us. The central bank's decisions will be crucial for educating markets about future direction, as the discussion on policy is likely to influence market volatility.
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