james577

Gold Will fall from 2040 gold didn't break 2050 Gold will fall from there support 2020 So sell trend on Gold sell now 2040 Target 2020

Gold price (XAU/USD) reverses an early European session dip to over a three-week low and climbs back above the $1,982 level in the last hour. Any meaningful appreciating move, however, still seems elusive amid the uncertainty over the Federal Reserve's (Fed) near-term policy outlook, which might hold back traders from placing aggressive directional bets. Hence, the focus will remain glued to the outcome of the highly-anticipated FOMC policy meeting, scheduled to be announced later today.

The South African rand kicked off the European session on the front foot on the back of a weaker USD as well as some positive South African specific economic data (see calendar below). Gold, mining and manufacturing production all surprised to the upside YoY for October while markets prepare themselves for the upcoming US CPI report. US inflation has been steadily declining albeit at a slower rate than many Fed officials hoped for but with other economic data showing a declining US economy, markets have ‘dovishly’ repriced expectations. This makes today’s CPI critical for short-term guidance especially after last week’s Non-Farm Payroll (NFP) beat. I expect Fed Chair Jerome Powell to pushback against rate cuts tomorrow to allow for more incoming data.

Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.

Gold (XAU/USD) broke its previous record, briefly reaching an all-time high earlier in the week, only to swiftly plummet, suggesting that the long-await bullish breakout was a fakeout. Despite waning upward momentum, bullion retains a positive technical profile, so the path of least resistance remains to the upside. With that in mind, if the precious metal resumes its ascent, the first hurdle to overcome is positioned at $2,050, followed by $2,070/$2,075. Looking higher, attention gravitates towards $2,150.

Gold Will Go Sell Till 1990 So Go In Sell Use Proper Lots And Enjoy Big Profit Comment Down What Do You Think About Gold

Guys What To Do You Think About Gold Comment Down 👇 In My Opinion Gold Will Go Sell So Use Proper Lots