Gold has retest the resistance and reject now it can go down ?
Updated
I hope this analyse finds you well. I wanted to bring your attention to the latest developments in the gold market.
Despite facing headwinds from a strengthening US dollar, gold prices are poised for their fourth weekly rise in five weeks. This resilience can be attributed in part to the supportive stance of the US Federal Reserve, which has maintained its commitment to interest rate reductions throughout the current year.
The recent surge in the US dollar, now on track for its second consecutive week of broad gains, has exerted downward pressure on gold prices. This trend follows noteworthy events such as Japan's unsuccessful interest rate hike and Switzerland's surprise interest rate cut, highlighting the contrasting monetary policies between the US Federal Reserve and its global counterparts.
In light of these developments, it's essential to stay informed and agile in our investment strategies.
Should you have any questions or require further clarification, please feel free to reach out.
Despite facing headwinds from a strengthening US dollar, gold prices are poised for their fourth weekly rise in five weeks. This resilience can be attributed in part to the supportive stance of the US Federal Reserve, which has maintained its commitment to interest rate reductions throughout the current year.
The recent surge in the US dollar, now on track for its second consecutive week of broad gains, has exerted downward pressure on gold prices. This trend follows noteworthy events such as Japan's unsuccessful interest rate hike and Switzerland's surprise interest rate cut, highlighting the contrasting monetary policies between the US Federal Reserve and its global counterparts.
In light of these developments, it's essential to stay informed and agile in our investment strategies.
Should you have any questions or require further clarification, please feel free to reach out.
Trade closed: target reached
Gold prices continued to rise during trading on wednesday, for the second session in a row, amid anticipation of the release of some important economic data in the United States of America later in the day, and anticipation of the release of the US Federal Reserve’s preferred inflation index on Friday.
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