Sticking above the important level, forecast to rise again
World gold price reversed to increase slightly with spot gold up 9.7 USD to 1,964.1 USD/ounce. August gold futures last traded at $1,963.7 per ounce, up $6.4 from dawn the day before.
The gold market remains resilient as it continues to maintain solid support above $1,950 an ounce even as the US Federal Reserve unleashes its strongest tightening cycle in more than 40 years.
Many analysts also recommend investors ignore the short-term volatility of gold and focus on the limit scene. While usage has fallen sharply from a 40-year high on record in several years, the Fed is unlikely to bring it back to the 2% standard. Experts emphasized that gold is still an attractive delay prevention tool.
The market also forecast, in September, the Fed will raise interest rates again. At that time, the US Fed fund interest rate will be around 5.5-5.75%.
The gold market remains resilient as it continues to maintain solid support above $1,950 an ounce even as the US Federal Reserve unleashes its strongest tightening cycle in more than 40 years.
Many analysts also recommend investors ignore the short-term volatility of gold and focus on the limit scene. While usage has fallen sharply from a 40-year high on record in several years, the Fed is unlikely to bring it back to the 2% standard. Experts emphasized that gold is still an attractive delay prevention tool.
The market also forecast, in September, the Fed will raise interest rates again. At that time, the US Fed fund interest rate will be around 5.5-5.75%.
Note
XAUUSD SELL 1963 - 1965 ✔️ TP1: 1957
✔️ TP2: 1952
✔️ TP3: 1945
❌ SL: 1971
Transaction en cours
Note
XAUUSD BUY 1953 - 1955 🕯🕯✔️ TP1: 1962
✔️ TP2: 1968
✔️ TP3: 1974
❌ SL: 1945
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.