Gold trend analysis!
Updated
Gold is currently trading at $2,494 an ounce
White House spokesman John Kirby said the United States would announce an increase in security assistance to Ukraine in the coming days.
The move could have an impact on gold prices.
White House spokesman John Kirby said the United States would announce an increase in security assistance to Ukraine in the coming days.
The move could have an impact on gold prices.
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As geopolitical tensions continue and investor demand for safe-haven assets continues to increase, gold prices will also continue to rise.Trade active
Reach $2,500!Trade active
BartMelek, global head of commodity strategy at TDSecurities, said gold investors are "generally more inclined to think the Fed is going to be more aggressive in terms of monetary easing." He said that with the "alignment of macro/monetary policy and central bank policy," gold could rise further to $2,700 in the coming quarters.Trade active
Gold prices are likely to benefit from a rate cut cycle. Since 1990, the Federal Reserve has cut interest rates five times, and the gold price has risen in four rate reduction cycles. Five rate cut cycles gold prices rose an average of 11.2%, the highest of which rose nearly 30%. With the opening of the Federal Reserve interest rate cut cycle, a new round of gold market or is starting.Trade active
Central banks are continuing to increase their gold holdings, providing a long-term upward driver for gold prices.!!!Trade active
Looking ahead, if gold can hold above $2,500, then the market could continue to be bullish. However, if gold pulls back below $2,480, technical sellers could step in and $2,450 could be the next support level. If gold falls further, the psychological level of $2,400 will be a key line of defense.Trade active
According to the analysis, the probability of the Fed cutting interest rates by 25 basis points in September is 72.5%, and the probability of cutting interest rates by 50 basis points is 27.5%. The probability of a cumulative 50 basis point rate cut by the Fed through November is 56.3%, the probability of a cumulative 75 basis point rate cut is 37.6%, and the probability of a cumulative 100 basis point rate cut is 6.2%.
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