fluctuations are constant and difficult to predict
Updated
Prices in recent sessions have fluctuated up and down continuously and are difficult to predict. One day it dropped deeply, the next day it increased dramatically, making investors dizzy. In an unfavorable economic context, gold prices continue to attract investors as the central bank's purchasing power has not stopped.
Officials of the US Federal Reserve (FED) noted that inflation is still high and the FED will not be able to reduce interest rates. This will have a certain impact on the trend of gold prices in the next few days.
Gold is being supported by many factors, including strong physical demand from investors. He added that the Fed's desire to maintain tight monetary policy could push the economy into recession. The scenario that the market is not thinking about is also the driving force to push gold to 3,000 USD/ounce in the next 6 to 12 months.
Officials of the US Federal Reserve (FED) noted that inflation is still high and the FED will not be able to reduce interest rates. This will have a certain impact on the trend of gold prices in the next few days.
Gold is being supported by many factors, including strong physical demand from investors. He added that the Fed's desire to maintain tight monetary policy could push the economy into recession. The scenario that the market is not thinking about is also the driving force to push gold to 3,000 USD/ounce in the next 6 to 12 months.
Note
SELL XAU 2382 - 2384TP1: 2372
TP2: 2362
SL: 2392
Related publications
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.