Gold acting negatively correlated to the USD King.
US Economy resilience push the rates cut away which encourage the gold decline.
1) US Economy signs of weakness will push gold up.
2) FED cut rates will make GOLD so bullish that $2070 resistance will not exist anymore.
US Economy resilience push the rates cut away which encourage the gold decline.
1) US Economy signs of weakness will push gold up.
2) FED cut rates will make GOLD so bullish that $2070 resistance will not exist anymore.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.