trading strategy after gold surges due to volatility
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Gold rose higher after the fund bought 13 tons
Gold will likely continue to rise on November 21 but there will be a recovery
Data released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar and bond yields, increasing the appeal of non-interest-bearing bullion.
In the short term, experts say that precious metals have lost momentum and need new fundamental motivation to recover. However, according to Daniel, senior commodity strategist at TD Securities, the impending recession combined with the Fed's interest rate cuts will push gold to new all-time highs in the first half of 2024.
Gold will likely continue to rise on November 21 but there will be a recovery
Data released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar and bond yields, increasing the appeal of non-interest-bearing bullion.
In the short term, experts say that precious metals have lost momentum and need new fundamental motivation to recover. However, according to Daniel, senior commodity strategist at TD Securities, the impending recession combined with the Fed's interest rate cuts will push gold to new all-time highs in the first half of 2024.
注释
SELL XAU 1990 - 1992TP1: 1976
TP2: 1968
SL: 2000
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We will continue the price fluctuations today注释
running + 70 pips注释
SL注释
Follow telegram to receive more signals注释
Unemployment Claims news tonight注释
Revised UoM Consumer Sentiment news tonight注释
The market doesn't seem to fluctuate much注释
Follow gold's next steps注释
Bank holiday bull market注释
We have PMI news tonight
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