Credit rating downgraded The Federal Reserve's stubbornness persists

goldaspect:

The overnight performance of gold was relatively sluggish, directly falling below the support level, completing the previous downward structure. The downgrade of the US credit rating may have put the market at a standstill, and the Federal Reserve has shown enough stubbornness in this matter.

It is expected that the United States will experience fiscal deterioration in the next three years, leading to new debt negotiations. Fitch Ratings will downgrade the US credit rating fromAAADown toAA+This move has been strongly protested by the US government, which has recently heavily borrowed, which has also increased investor concerns, but may have been overly cautious.

The credit rating has only been slightly downgraded from the highest level, but it still stands out among sovereign countries worldwide and will not cause a substantial blow to the credit of the United States. However, this is more like a warning to the US government to continuously increase its total debt.

Technical aspect: Gold daily closing with a long bearish shadow, fallingNThe trend continues, but it may be more appropriate to consider it as a broad range of fluctuations overall.4The triangular structure of the hourly cycle decline may have been completed, and the short-term trend within the day may gradually decline before rebounding. Suggest following below1926The support of the US dollar on the first line.