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...
The bottoming out and rebounding in the morning, especially the correction of only two cross K patterns on the hourly line, the price encountered resistance at the 2567 line before the midday trading and then retreated, but based on the retreat in the morning, it would be difficult to fall again in the pattern of bullish advantage after the bottoming out and...
Gold first rose and then fell yesterday, but the decline did not continue today. Continuing the influence of recent US news and geopolitics, gold is still in the rising stage, so we continue to focus on long positions at support levels. Click on my website and you will get Profitable trading strategies.