Gold is under pressure from many sides: Will it fall further?
The increasing economic instability in China and the stagnant inflation rate in Europe are causing concerns. The market still believes that the Federal Reserve will maintain interest rates during their September meeting, with a possibility of only one more rate hike in November or December, followed by a prolonged pause until starting to raise rates again in 2024.
Once gold breaks out of the $1925 price range, it will easily reach the $1930 - $1935 level within a short period of time.
Once gold breaks out of the $1925 price range, it will easily reach the $1930 - $1935 level within a short period of time.
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good luck everyone
🔹SL 1930
🔹TP 1910