Sticking above the important level, forecast to rise again
Aggiornato
World gold price reversed to increase slightly with spot gold up 9.7 USD to 1,964.1 USD/ounce. August gold futures last traded at $1,963.7 per ounce, up $6.4 from dawn the day before.
The gold market remains resilient as it continues to maintain solid support above $1,950 an ounce even as the US Federal Reserve unleashes its strongest tightening cycle in more than 40 years.
Many analysts also recommend investors ignore the short-term volatility of gold and focus on the limit scene. While usage has fallen sharply from a 40-year high on record in several years, the Fed is unlikely to bring it back to the 2% standard. Experts emphasized that gold is still an attractive delay prevention tool.
The market also forecast, in September, the Fed will raise interest rates again. At that time, the US Fed fund interest rate will be around 5.5-5.75%.
The gold market remains resilient as it continues to maintain solid support above $1,950 an ounce even as the US Federal Reserve unleashes its strongest tightening cycle in more than 40 years.
Many analysts also recommend investors ignore the short-term volatility of gold and focus on the limit scene. While usage has fallen sharply from a 40-year high on record in several years, the Fed is unlikely to bring it back to the 2% standard. Experts emphasized that gold is still an attractive delay prevention tool.
The market also forecast, in September, the Fed will raise interest rates again. At that time, the US Fed fund interest rate will be around 5.5-5.75%.
Commento
XAUUSD SELL 1963 - 1965 ✔️ TP1: 1957
✔️ TP2: 1952
✔️ TP3: 1945
❌ SL: 1971
Trade attivo
Commento
XAUUSD BUY 1953 - 1955 🕯🕯✔️ TP1: 1962
✔️ TP2: 1968
✔️ TP3: 1974
❌ SL: 1945
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.