H4 SCENARIO
Gold prices are projected to continue their recent upward trend, with predictions suggesting potential volatility amid economic uncertainties. Analysts expect price levels to range from $2,600 to $2,800 per ounce in the short term. This forecast reflects investor sentiment leaning toward gold as a safe-haven asset amid potential U.S. economic challenges and Federal Reserve policy changes expected by the end of 2024. Goldman Sachs foresees gold possibly reaching $2,700 per ounce, supported by a weaker U.S. dollar and ongoing high demand from central banks worldwide. Other analyses, including insights from Bank of America, suggest levels around $2,400 if rate cuts proceed in Q2 2024, which may stimulate further demand.
Given these factors, the current outlook for gold suggests gradual appreciation. However, note that market conditions are fluid, and unexpected economic developments could alter this trajectory.
Given these factors, the current outlook for gold suggests gradual appreciation. However, note that market conditions are fluid, and unexpected economic developments could alter this trajectory.
Trade active
100 pips plus running
sniper entry
Trade active
160+ pips profit running
Trade active
again activition from 2733 _2735 Note
re entry guys for seller sl hahahahaTrade closed: target reached
450 +pips running
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.
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.