GOLD Prices Surge: Analyzing the Market's Rebound Trends

4 days ago

Gold prices continued their upward trend in Asian trading on Tuesday, following a rebound from a key demand zone where retailers had been caught off guard by a previous downward trend. This resurgence has recovered approximately half of last week's losses. Market participants are now closely monitoring upcoming speeches from officials at the US Federal Reserve, as well as ongoing geopolitical tensions between Russia and Ukraine.

Additionally, expectations of renewed stimulus measures from China are contributing to a positive sentiment surrounding gold. As the world's largest consumer of the precious metal, any economic support initiatives from Chinese authorities could bolster demand and further enhance gold's appeal. However, traders remain cautious about whether gold can sustain its recovery, as they await clearer signals regarding the Fed's interest rate policy from the central bank.

Previous Forecast:

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2 days ago

Trade active

12 hours ago

Trade closed: target reached

Closed 50% and Moved SL to entry..