Gold Spot / U.S. DollarUpdated XAUUSD : Does gold have the ability to recover strongly?
XAU/USD is increasing slightly and hovering around 2,337 USD/ounce. According to American Bank Wells Fargo, this precious metal may continue to consolidate throughout the summer as the market accepts the Fed's tightening policy.
In an interview with Kitco News, John LaForge, Director of Real Asset Strategy at the bank, said: "Central banks will continue to buy wine, while also seeing solid upside potential in gold." quarterly through 2025. According to Wells Fargo's mid-year updated price forecast, gold prices are expected to trade between 2,300-2,400 USD/ounce."
In an interview with Kitco News, John LaForge, Director of Real Asset Strategy at the bank, said: "Central banks will continue to buy wine, while also seeing solid upside potential in gold." quarterly through 2025. According to Wells Fargo's mid-year updated price forecast, gold prices are expected to trade between 2,300-2,400 USD/ounce."
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🔝 1. XAUUSD BUY 2331 - 2333 🪙🪙🪙✔️ TP 2340
✔️ TP2 2345
❌ SL 2320
🔝 2. XAUUSD BUY Limit 2325 - 2327 🪙🪙🪙
✔️ TP : 2335
✔️ TP2 : 2340
❌ SL 2320
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Hit 120 pips ⏫⏫⏫Note
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Hit 200 pips s⏫⏫⏫
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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.