Gold's Recovery Potential is Approaching the $2,300 Mark
Gold is gradually recovering, maintaining stable gains throughout the morning session of European trading on Thursday, nearing the $2,330 threshold. Prices are expected to test the 0.5-0.618 Fibonacci area.
However, traders may prefer to wait for further signals regarding the Federal Reserve's interest rate reduction trajectory before betting on a positive direction.
However, traders may prefer to wait for further signals regarding the Federal Reserve's interest rate reduction trajectory before betting on a positive direction.
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