Gold faces pressure from investors when in high position

92
While investors are also cautious about how hawkish the Fed will be
Caution and profit-taking pressure may be factors that prevent gold from continuing to rise.

However, many recent forecasts show that the medium and long-term trend of gold is still quite bright. Demand for this commodity is forecast to increase.
Major funds in the world are also increasing their gold reserves
According to technical analysis, gold prices still tend to increase strongly in the short term
Note
BUY gold 2515

TP2: 2523
TP2: 2529

SL: 2507
Note
Ruinning + 40 pips

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.