Hello everyone! Today i want to share some macro analysis with you!
$Gold - main 2412(GCmain)$ In the European session on Friday (20 September), gold prices reached a new high after breaking the $2,600 mark.
There will be some profit-taking in gold in the near future, but I remain mildly bullish on the outlook for gold for the rest of the year.
The gold price may not reach the $3,000 milestone this year, but this level is my long-term target for gold as investors anticipate accelerated interest rate cuts by major central banks such as the Federal Reserve and factors such as ongoing geopolitical tensions and central bank purchases of gold create a positive phase for the gold price! $XAU/USD(XAUUSD.FOREX)$
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