Gold on the international market skyrocketed

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Previously, the market reflected a 100% chance that the Fed would cut interest rates for the first time in September. Currently, this rate is still the same. What's important to watch for investment is the Fed's view on the pace of interest rate cuts for the rest of the year. The Fed will cut 1 or 2 times and how much each time will cut, 25 hundred points or 50 points.

With worse economic signals, it is likely that the Fed will have to consider the option of accelerating the process of cutting interest rates.

However, it is possible that after cutting interest rates in September, the Fed will wait to take a closer look at the health of the US economy. On that side, the world is also watching the race for the White House of the second presidential candidate. The election will take place in November.

Recently, some forecasts said that regardless of which candidate, Mr. Donald Trump or Ms. Kamala Harris, becomes US president, the White House owner will also provide money to support the economy. Gold will benefit from this move.

Some major banks in the world still maintain their forecast that gold prices will reach 2,500 USD/ounce this year.
Commento
⚜️BUY GOLD 2420⚜️

🔺SL 2435
❇️TP 2450
❇️TP 2410
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⚜️SELL GOLD 2445⚜️

🔺SL 2435
❇️TP 2420
❇️TP 2455
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istantanea
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Gold is almost standing still waiting for the European trading session to open
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istantanea
Commento
SELL XAUUSD 2445 + 50 Pips ⚜️⚜️⚜️
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SELL XAUUSD 2445 + 120 Pips ⚜️⚜️⚜️
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We will wait for the US session to trade
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⚜️BUY GOLD 2420⚜️ + 480 Pips ❇️❇️❇️
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