XAU drops around 2500 area
Investors are worried about the possibility of further declines in gold prices after the US Federal Reserve (Fed) cuts interest rates in September. Recent economic news has led the gold market to shape the high probability of the Fed cutting interest rates by 25 basis points.
One of the most worrying things in the short term for gold is that recent positive economic data has prevented the Fed from cutting by 50 basis points in September.
One of the big questions for gold investors recently is whether the Fed can cut by 100 basis points after the end of 2024.
Therefore, although gold is still trading at a high of $ 2,500 / ounce and may continue to increase, gold investors are hesitant and cannot fully pursue the upward trend of gold prices.
One of the most worrying things in the short term for gold is that recent positive economic data has prevented the Fed from cutting by 50 basis points in September.
One of the big questions for gold investors recently is whether the Fed can cut by 100 basis points after the end of 2024.
Therefore, although gold is still trading at a high of $ 2,500 / ounce and may continue to increase, gold investors are hesitant and cannot fully pursue the upward trend of gold prices.
Nota
BUY XAU 2502 - 2500
TP1: 2508
TP2: 2516
SL: 2494
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