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The trend of gold has clearly shown a gradual upward trend

By David_strategy
Updated

Gold experienced a brief decline from July 29 to 30, reaching 2380, and then gradually rose and stabilized. It has now reached 2388 and will definitely break through the 2400 mark in the short term. Facing the upcoming Fed rate cut in September, it will further stimulate the decline of the US dollar. Then gold will be one of the main products for everyone to hedge.
In addition, the Middle East geopolitical risks are also factors that cannot be ignored in the gold market this week. Tensions in the Middle East, especially the potential conflict between Israel and Lebanon, may increase market uncertainty, thereby pushing up the safe-haven demand for gold. In addition, the US policy trends in the Middle East will also have an impact on market sentiment.
In summary, gold still stands firm in the turmoil of the international market and the situation ahead is very good.
Upward 2388-2402
Backward 2390-2380

The above is purely personal opinion. [Investment is risky, enter the market with caution]
Comment
The current gold trend is consistent with my expectations. I expect it to break through 2400.
Comment
It will soon pass 2400. Friends who are bullish, please share your views.
Comment
Professional people do professional things
Comment
The gold price has remained stable at 2400 and has now reached 2406. Please continue to watch and discuss with each other.
Comment
Are the Fed’s decision and Powell’s speech negative or positive for gold prices?
Please actively speak and discuss in my comment section
Comment
Fed decision, Powell's speech continues, gold prices are still rising
Comment
The Fed press conference has ended. Powell's speech has caused the gold price to rise again, which is completely in line with my prediction.

If you want to know more about the international trend, please follow me. I will let you know more first-hand news.
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David_strategy
Senior gold analyst who has been engaged in gold, US dollar, and oil trading for 12 years. Join me and I will lead my team to help you become a professional trader and expand your assets.
t.me/divedgold123
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