The possibility that the European Central Bank may start lowering interest rates from around mid-2024 has been taken by markets as a sign that early moves are crucial. Although he stuck to statements from Davos that borrowing costs could be reduced from the summer, traders increased bets on a cut — pricing in a 90% chance of a reduction in April and 141 basis...
This is just my opinion on gold current movement... NFP will be everything point for temporary spike movement for today... Bull vs Bear
It looks like phase 1 & 2 is already complete and right now is bull to temporary take over to equilibrium the momentum of trend...
It looks like phase 1 for bear is complete and maybe will proceed with phase 2 Gold trend has change into Bear by slowly and steady so focus on where to sell untill it trip to 19xx done
For my view, Gold maybe will bounce back to 21xx In quarter 1 (Q1) before make a trip to 19xx due to equilibrium (balancing bear and bull)
According to news fro J powell speech that make uprising of USD currency status. This impact will make gold possibility to drop 1809 area or below on near future....before it bounce back to 1950 area
According to J Powell speech that make uprising the USD currency from yesterday it's was oppurtunity to buy right now....
This is my basic analysis on FCPO pair... On future the demand will be high that make this pair has a higher price (my predict price around 42xx) and maybe will create new ATH on 2024/2025
Enjoy your day... BoA ( Base on Analysis) It's show that CJpy will climbing till 103.xxx above due to Cad currency is reach stability on their money
Gold will move like my prediction for today or it will change the direction into bear temporary mood?
Fyi on long term of gold it's show bullish on weaken state. 2032 is a price @ zone that will make another shoulder phase maybe this pattern (HNS) will complete around 3-5 month before go / make higher price (ATH)