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Gold Spot / U.S. Dollar
Long

Gold trading, 300% return in one week

By f9b6yc
Updated
The dollar is falling after the Federal Reserve adopted aggressive monetary policy. A 50 basis point rate cut this week has made the dollar less attractive to investors. Fed officials have hinted at further rate cuts, with borrowing rates likely to fall to 3.4% in 2025 and 2.9% by 2026. This outlook enhances gold's appeal because lower rates tend to weaken the dollar's strength, making non-yielding assets such as gold more attractive.
In the short term, gold will continue to fluctuate upward. Currently, the 2575-2585 area is the key support area. As long as gold stays above this area, it is still possible to continue to break new highs.
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In the short term, gold will continue to fluctuate upward. Currently, the 2575-2585 area is the key support area. As long as gold stays above this area, it is still possible to continue to break new highs.
Chart PatternsHarmonic PatternsTrend AnalysisXAUUSDxauusdanalysisxauusdlongxauusdsignalxauusdupdates
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