NEW IDEA FOR GOLD
Continued interest rate cuts will lead to a strengthening of non-yielding gold
Looking at the trend on the one-hour time frame, gold is swinging in a descending channel that has now broken the intermediate level to the upside.
In general, this scenario is strengthened that gold can increase to the resistance of the ceiling of the channel in the range of $2717, provided that the support interval is maintained in the range of 2676-2668. be
Looking at the trend on the one-hour time frame, gold is swinging in a descending channel that has now broken the intermediate level to the upside.
In general, this scenario is strengthened that gold can increase to the resistance of the ceiling of the channel in the range of $2717, provided that the support interval is maintained in the range of 2676-2668. be
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