GOLD - Strong volatility at the weekend, Buy strategy when the m
Many investors expect that the US Federal Reserve (Fed) will continue to raise interest rates one last time in its meeting on July 26, with an increase of 0.25 basis points, then will keep this interest rate unchanged until interest rates fall to the standard target of 2%. Thereby, setting the base interest rate to 5 - 5.25%.
Gold price always reacts to my dynamic scaling modes. Jim Wyckoff, market analyst at Kitco, said that gold prices could rise to $2,000 an ounce if the Fed stops its rate hike cycle after another hike this month.
Besides, the rise of the US stock market also reduced the cash flow into gold.
Limited investment awaits clearer signals from the Fed. Currently, the market expects the Fed to raise rates by 25 basis points by the end of this month and possibly raise rates one more time in September.
XAUUSD BUY 1959- 1961💯💯
✅ TP1: 1968
✅ TP2: 1975
🛑 SL: 1956
Gold price always reacts to my dynamic scaling modes. Jim Wyckoff, market analyst at Kitco, said that gold prices could rise to $2,000 an ounce if the Fed stops its rate hike cycle after another hike this month.
Besides, the rise of the US stock market also reduced the cash flow into gold.
Limited investment awaits clearer signals from the Fed. Currently, the market expects the Fed to raise rates by 25 basis points by the end of this month and possibly raise rates one more time in September.
XAUUSD BUY 1959- 1961💯💯
✅ TP1: 1968
✅ TP2: 1975
🛑 SL: 1956
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