Price of Gold to break resistance at 1485-1486
Gold price is about to break it's resistance at 1485-1486 level probably before the end of the year. This will occur just weeks after the Fed decision to keep interest rates unchanged and see no further rate cut for the next year or so. We are set for a perfect storm with demand increasing, world deposit ready to mine supply decreasing, loose world wide monetary policy increasing.
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.