XAUUSD - Trading strategy at the beginning of the week July 24
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
Note
Running +20Pips ✅
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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.