In the international market, according to Kitco, the world gold price decreased by 1.45 USD, or 0.08%, to 1,956.05 USD/ounce.
Last week, despite ending the week in the neutral zone, gold bounced off a 3-month low following the decision of the US Federal Reserve (Fed). However, experts do not currently expect to see a large price movement this week.
Gold needs to break through the key level of $1,985 an ounce before the market puts confidence back in gold. This time around, gold gets support as the market shows no confidence in the Fed's dot charts as the yield curve continues to point to the threat of a recession. But none of the factors triggered a major rally that helped gold break above $2,000 an ounce.
Regarding the possibility of gold falling, expert James Stanley said that while most analysts still see gold in a long-term uptrend, gold could be sold in the short term as the Fed maintains its stance. his strong hawkish monetary policy.
XAUUSD SELL LIMIT 1962 - 1965 💯💯
✅ TP1: 1958
✅ TP2: 1952
✅ TP3: 1945
🛑 SL: 1970
Last week, despite ending the week in the neutral zone, gold bounced off a 3-month low following the decision of the US Federal Reserve (Fed). However, experts do not currently expect to see a large price movement this week.
Gold needs to break through the key level of $1,985 an ounce before the market puts confidence back in gold. This time around, gold gets support as the market shows no confidence in the Fed's dot charts as the yield curve continues to point to the threat of a recession. But none of the factors triggered a major rally that helped gold break above $2,000 an ounce.
Regarding the possibility of gold falling, expert James Stanley said that while most analysts still see gold in a long-term uptrend, gold could be sold in the short term as the Fed maintains its stance. his strong hawkish monetary policy.
XAUUSD SELL LIMIT 1962 - 1965 💯💯
✅ TP1: 1958
✅ TP2: 1952
✅ TP3: 1945
🛑 SL: 1970
