Gold prices on June 12 stood at $1,956, a slight decrease of $4 from the previous week's close. While market sentiment towards gold remains optimistic ahead of the Fed's monetary policy meeting, experts warn investors not to expect prices to exceed $2,000 this week.
Due to market volatility, investors should wait for a strong breakthrough in gold prices before entering the market. Retail investors predict that gold will end next week around $1,992. The biggest short-term risk for gold is the Fed's monetary policy decision, with markets expecting interest rates to remain unchanged.
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⭐️Make a trading plan: ✅Sell the $1,965-$1,962 range when the price hits the resistance area. ✖️Stoploss: $1,970.
AND ALWAYS REMEMBER WHAT YOU NEED TO DO IS MANAGE RISK. GOOD LUCK !!!