Gold will definitely exceed $ 2000
Diupdate
Dear esteemed comrades,
At the conclusion of yesterday's trading session, gold has gained a dominant position in terms of price increase. As of the time of writing this piece, gold is trading below the $2000 mark.
In the current context of gold:
- Amidst ongoing tensions in the Middle East, concerns about political instability are expected to persist in the short term, providing continued support for gold.
- The market anticipates that the Federal Reserve will maintain interest rates at its upcoming policy meeting next month. If data suggests a slowdown, the Fed will have additional reasons to refrain from raising rates, which will greatly support gold and push prices back above $2000.
Regarding technical analysis:
- The upward trend is strongly reinforced on the daily timeframe. However, the $2000 level is considered a psychological barrier for buyers at the moment. In my opinion, a corrective phase with a testing nature is likely to be closely observed here. Nonetheless, I remain optimistic and maintain my view of emphasizing the continuation of the upward trend in the gold market at this time.
At the conclusion of yesterday's trading session, gold has gained a dominant position in terms of price increase. As of the time of writing this piece, gold is trading below the $2000 mark.
In the current context of gold:
- Amidst ongoing tensions in the Middle East, concerns about political instability are expected to persist in the short term, providing continued support for gold.
- The market anticipates that the Federal Reserve will maintain interest rates at its upcoming policy meeting next month. If data suggests a slowdown, the Fed will have additional reasons to refrain from raising rates, which will greatly support gold and push prices back above $2000.
Regarding technical analysis:
- The upward trend is strongly reinforced on the daily timeframe. However, the $2000 level is considered a psychological barrier for buyers at the moment. In my opinion, a corrective phase with a testing nature is likely to be closely observed here. Nonetheless, I remain optimistic and maintain my view of emphasizing the continuation of the upward trend in the gold market at this time.
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Catatan
Gold increased because the item was closely related to gold that oil returned to the trend of increasing.Catatan
Catatan
Gold achieved an impressive increase of $ 2000. When we witness the power to buy strongly to protect our assets of investors when the Middle East is not sure
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