XAUUSD - Trading strategy at the beginning of the week July 24
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The world gold price is forecasted by investors to soon return to the price of $2,000/ounce despite the US Federal Reserve (Fed) raising interest rates by 25 percentage points on July 26.
However, analysts are more cautious, warning investors not to pour too much money into gold before the Fed decides to raise interest rates further.
James Stanley, market strategist at StoneX, predicts that gold prices will rise sharply, but then gold prices may fall unexpectedly after the Fed makes a decision to raise interest rates.
James Stanley said that the price of gold could drop by $ 50 if the Fed shows a tough stance immediately after raising interest rates.
XAUUSD BUY 1957 - 1959💯💯
✅ TP1: 1965
✅ TP2: 1970
🛑 SL: 1951
However, analysts are more cautious, warning investors not to pour too much money into gold before the Fed decides to raise interest rates further.
James Stanley, market strategist at StoneX, predicts that gold prices will rise sharply, but then gold prices may fall unexpectedly after the Fed makes a decision to raise interest rates.
James Stanley said that the price of gold could drop by $ 50 if the Fed shows a tough stance immediately after raising interest rates.
XAUUSD BUY 1957 - 1959💯💯
✅ TP1: 1965
✅ TP2: 1970
🛑 SL: 1951
Commentaire
Running +20Pips ✅
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