Dear friends, do you think gold will rise or fall?
As predicted, I have observed that gold has quickly surged, breaking through the continuous resistance level and successfully defending the support level at $2015. At the time of writing, the price is trading high at around $2028, up $10 from yesterday's trading session.
The minutes of the first policy meeting of the year by the US Federal Reserve are expected to be released on Wednesday. There is a possibility that the Fed will implement monetary policy easing in mid-2024, which will be a fundamental support factor for the gold market.
As predicted, I have observed that gold has quickly surged, breaking through the continuous resistance level and successfully defending the support level at $2015. At the time of writing, the price is trading high at around $2028, up $10 from yesterday's trading session.
The minutes of the first policy meeting of the year by the US Federal Reserve are expected to be released on Wednesday. There is a possibility that the Fed will implement monetary policy easing in mid-2024, which will be a fundamental support factor for the gold market.
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