The Fed signaled they want to be cutting rates and there’s a geopolitical risk concern that continues t markets around these wars, both in Ukraine and in the Middle East, which is gold supportive,” Ilya Spivak, head of global macro at Tastylive said.
“Gold prices are in a rangebound trade for most time this month and a break above current resistance level around $2,223 per ounce could see prices heading towards the $2290 mark
“Gold prices are in a rangebound trade for most time this month and a break above current resistance level around $2,223 per ounce could see prices heading towards the $2290 mark
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Xauusd running 290 pips profit