Gold possible to rise to 1.300 $/oz by mid or end of summer.
If now level at 1250/1245 holds on, Gold can run to 1.300 again by the end of summer. Next support levels from here are 1220 and 1190. Gold movement is affected by the movement of the USD, inflation, seasonal buying, and risks associated with geopolitics.
Risk warning!
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.
Risk warning!
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Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.
The Trade Academy R&D Team