In the foreign exchange market, the US Dollar Index (DXY) opened this morning at 103.91 points.
It is predicted that gold price will reach 2,210 USD/ounce in the fourth quarter of this year, reaching a new all-time high. However, he added that there is a possibility of stronger gold price gains as the Federal Reserve risks making policy mistakes.
Although expectations for the start of the Federal Reserve's easing cycle continue to be pushed back, according to one market strategist, the longer the central bank waits, the greater the risk of policy missteps. the larger, this could ultimately benefit precious metals.
It is predicted that gold price will reach 2,210 USD/ounce in the fourth quarter of this year, reaching a new all-time high. However, he added that there is a possibility of stronger gold price gains as the Federal Reserve risks making policy mistakes.
Although expectations for the start of the Federal Reserve's easing cycle continue to be pushed back, according to one market strategist, the longer the central bank waits, the greater the risk of policy missteps. the larger, this could ultimately benefit precious metals.
Note
SELL GOLD 2033 - 2035TP1: 2029
TP2: 2020
SL: 2043
Note
Hit TP2 + 150 pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.