Gold could rise again

3 thg 2

After Gold had a huge peak in early december we might get to see such high levels again. This wedge is sort of a decision pattern for Gold to wait for the FED decision about cutting the interest rate. I think the probability of the FED cutting the rates before April or March are low. If they cut the rates, investors will move from interest rates to Gold to protect their money against inflation. Furthermore the worldwide security situation got worse and the US is in war with the Huthi movement. Additionally the fears over US commercial property market are rising again. I expect a higher proability for a positive move in the Gold price which could push the price to 2200 dollars by April.

Thanks for reading!
HenrikDaCrypto