Gold correction, continue to rise! Target 2,800!
The dollar extended its recent four-week rally to its highest level since July 30 as expectations grew for a more cautious approach by the Federal Reserve to cut interest rates. According to the CME Group's FedWatch Tool, the market has almost fully priced in a quarter-point rate cut at the Fed's November policy meeting. At the same time, the latest polls show a tight race between Vice President Kamala Harris and Republican candidate Donald Trump amid growing concerns about deficit spending after the Nov. 5 presidential election.
The price of gold at Monday's opening was between 2717 and 2745
Sell: 2755-2757
SL 2762
TP1: 2745
TP2: 2740
TP3: 2730
Buy: 2717-2715
SL 2710
TP1: 2725
TP2: 2733
TP3: 2740
The price of gold at Monday's opening was between 2717 and 2745
Sell: 2755-2757
SL 2762
TP1: 2745
TP2: 2740
TP3: 2730
Buy: 2717-2715
SL 2710
TP1: 2725
TP2: 2733
TP3: 2740
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