Gold is on the rise again as the Israel-Hamas conflict shows no signs of easing and tends to become more tense as the risk of a war expanding to the region is coming very close. If Israel officially pours troops into Gaza and the conflict expands, Gold can easily fly back above 2,000 and even further.
Tonight PCE Inflation data - the FED's favorite inflation measuring tool to assess and forecast the FED's upcoming interest rate outlook. The market will have a lot of fluctuations this weekend. PCE news will also have a strong influence. Entering the European session, if gold still maintains above the 1985 - 1987 zone, the expectation of buying TP in 1996 further may be above 2000 today. If there is a recovery period, gold can return to 1970 - 1974, here you can watch to buy.
Gold falls below 1980 short-term sell, tp expectations 1972-1974.
Tonight PCE Inflation data - the FED's favorite inflation measuring tool to assess and forecast the FED's upcoming interest rate outlook. The market will have a lot of fluctuations this weekend. PCE news will also have a strong influence. Entering the European session, if gold still maintains above the 1985 - 1987 zone, the expectation of buying TP in 1996 further may be above 2000 today. If there is a recovery period, gold can return to 1970 - 1974, here you can watch to buy.
Gold falls below 1980 short-term sell, tp expectations 1972-1974.