retail investors are bullish on gold’s potential upside. Industry experts are split on short-term bullish and bearish sentiment. Marc Chandler, CEO of Bannockburn Global Forex, predicts that gold prices will trend sideways this week. Gold has hit its target of $2,600 an ounce after the Fed cut interest rates. The gold market will be less active as investors take profits.
Interest rate expectations: Investors expect the FOMC will start cutting interest rates from September onwards. Geopolitical instability: Ongoing conflicts in Ukraine and the Middle East continue to destabilize markets, causing investors to seek haven assets such as gold. Central banks diversify reserves: Central banks are proactively increasing the amount of gold...
✅GBP_NZD broke the key Horizontal level of 2.07 While trading in an uptrend And the breakout is confimed So I am now expecing A bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅