Gold trend analysis and trading advice!

8月16日Hello, guys

Gold (XAU/USD) currently presents a lucrative Sell opportunity at $2453.00, with compelling potential for profit targeting.

Targets:
Primary Target: $2418.00
Secondary Target: $2378.00
Breakout Scenario:
Should Gold surpass the $2483.00 threshold, indicating a Bullish breakout, the target price is forecasted to reach $2500.00.

8月16日

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With the Federal Reserve likely to cut interest rates more aggressively than the European Central Bank in response to falling inflation, the euro is likely to rise against the dollar. Commerzbank FX analyst Ulrich Leuchtmann said in a note that the Fed could cut rates six times, while the European Central Bank could cut rates four more times. "We think the Fed's policy response function is more resilient to changes in inflation than the ECB's," he said. Commerzbank also expects U.S. economic growth this fall and winter to be "less dramatic than before," which could undermine the view that U.S. growth has structural advantages and weaken the dollar. Commerzbank expects the euro to rise to 1.14 against the dollar by mid-2025 from its current level around 1.0990.

8月16日

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It's up to $2,490
Gold is expected to reach $2,500

8月16日

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Gold prices rose today to another record high

8月17日

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The price of gold is set to rise after breaking the $2,500 mark for the first time

8月17日

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Central banks are continuing to increase their gold holdings, providing a long-term upward driver for gold prices.

8月18日

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The gold market is facing a test on multiple fronts after hitting a record high. The Fed's monetary policy moves, geopolitical uncertainty, and fluctuations in the global economy will all have a profound impact on gold prices.

8月19日

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Analyst: Bulls will target long-term earnings around $2,556