Most investors expect gold prices to continue to increase in the near future, while market analysts have a more cautious view.
It is forecasted that in the coming time, gold prices may decrease due to the undue impact of expectations that the US Federal Reserve (Fed) will lower interest rates early next year. The US Central Bank will not cut interest rates anytime soon.
The gold market is lacking many motivating factors to continue increasing prices from now until the new year. Gold buying momentum seems to be exhausted.
It is forecasted that in the coming time, gold prices may decrease due to the undue impact of expectations that the US Federal Reserve (Fed) will lower interest rates early next year. The US Central Bank will not cut interest rates anytime soon.
The gold market is lacking many motivating factors to continue increasing prices from now until the new year. Gold buying momentum seems to be exhausted.
Note
SELL XAUUSD 2024-2026SL 2031
TP 2000
TP2 2019
Note
running + 100 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.