GOLD - The flag pattern appears clearly

18 thg 6BUY GOLD 2312-2313

GOLD in the current European session has also reached its very low zone. Previously, GOLD had formed a weak support zone at this price level. Although it was weak support, in the European session it was clearly quite strong. There is little reason to confirm that gold will break this zone, so you should place full TP/SL, don't abuse leverage, only risk about 1-2% of your total capital. Please.
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Last Sunday, Minneapolis Fed President Neel Kashkari stated that it's far affordable to are expecting that americaA Central Bank will handiest reduce hobby quotes as soon as this year. This announcement had a good sized effect on marketplace psychology.

This week, US retail income information, weekly jobless claims and shopping managers` indexes are anticipated to offer similarly clues approximately the course of the Fed's hobby quotes.

Although gold expenses have decreased, professionals nonetheless trust that gold is in a good environment. Data launched remaining week confirmed that hard work marketplace and fee pressures are displaying symptoms and symptoms of cooling. Capital monetary marketplace analyst Kyle Rodda stated that information displaying symptoms and symptoms of weak spot withinside the US financial system may want to weaken the USD and growth expectancies of destiny hobby charge cuts. .

Precious metals continue to be supported via way of means of hopes that subsequently the Fed will need to pivot its policy. In addition, political instability in France additionally multiplied danger aversion globally, supporting to enhance safe haven call for for the treasured metal.