Gold's Recovery Potential is Approaching the $2,300 Mark
Gold is gradually recovering, maintaining stable gains throughout the morning session of European trading on Thursday, nearing the $2,330 threshold. Prices are expected to test the 0.5-0.618 Fibonacci area.
However, traders may prefer to wait for further signals regarding the Federal Reserve's interest rate reduction trajectory before betting on a positive direction.
However, traders may prefer to wait for further signals regarding the Federal Reserve's interest rate reduction trajectory before betting on a positive direction.
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Related publications
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.