Continuous increase, gold ring sets new record high
Gold prices could rise to a new high of $2,600 an ounce before the market sees profit-taking selling pressure.
The market is currently reacting too positively to the expectation of interest rate cuts. Investors expect the Fed to cut interest rates this September and again by the end of the year. Investors are confident in the prospects of gold from now until the end of the year.
The market is currently reacting too positively to the expectation of interest rate cuts. Investors expect the Fed to cut interest rates this September and again by the end of the year. Investors are confident in the prospects of gold from now until the end of the year.
Note
SELL XAU 2510
TP1: 2503
TP2: 2495
SL: 2517
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