GOLD: Return of the Bears!
Updated
Gold Price Forecround 2,000$, eyes on US Core PCE Price Indexast: XAU/USD bull-bear tug-of-extends a
On Friday morning, the price of gold is stagnant and hasn't been able to stay above 2000$ due to the recent increase in the value of the US dollar. The focus now shifts to the US Federal Reserve's Core Personal Consumption Expenditures (PCE) - Price Index, which is their preferred measure of inflation, to determine the future direction of the gold price.
Plan trade in the intro
On Friday morning, the price of gold is stagnant and hasn't been able to stay above 2000$ due to the recent increase in the value of the US dollar. The focus now shifts to the US Federal Reserve's Core Personal Consumption Expenditures (PCE) - Price Index, which is their preferred measure of inflation, to determine the future direction of the gold price.
Plan trade in the intro
Trade active
Comment
The market is still complicatedTrade closed: stop reached
Comment
FOMC waitting
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