Gold: Is it Possible to Keep Higher?
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! $XAU/USD(XAUUSD.FOREX)$
Follow me to learn more about analysis!!
https://x.com/TradersXauusd/status/1837359213716328538
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
