Gold decreased slightly as the USD maintained its solid position
The gold market is getting some new bullish momentum. Gold prices are expected to continue to rise even if the US Federal Reserve (FED) delays the comfort cycle.
Despite recent selling pressure, Goldman Sachs still forecasts that gold prices will increase sharply. This unit finds that gold can maintain growth even if the Fed delays the comfort cycle.
Nicholas Snowdon - Head of Metals Research at Goldman - shared: “We are seeing a surge in demand from emerging market midstream banks and from Asian retail investors. But much of this has been brought about by psychological factors.
💵
GOLD
BUY 2285- 2287 💵
✔️TP 2310
✔️TP 2315
❌SL 2280
💵
GOLD
SELL 2313 - 2311💵
✔️TP 2305
✔️TP 2290
❌SL 2320
Despite recent selling pressure, Goldman Sachs still forecasts that gold prices will increase sharply. This unit finds that gold can maintain growth even if the Fed delays the comfort cycle.
Nicholas Snowdon - Head of Metals Research at Goldman - shared: “We are seeing a surge in demand from emerging market midstream banks and from Asian retail investors. But much of this has been brought about by psychological factors.
💵
GOLD
BUY 2285- 2287 💵 ✔️TP 2310
✔️TP 2315
❌SL 2280
💵
GOLD
SELL 2313 - 2311💵 ✔️TP 2305
✔️TP 2290
❌SL 2320
