XAUUSD - Strategy Buy gold on CPI news on 7/12
World gold has been increased to a minimum when supported by the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback, with 6 major currencies falling below the threshold of 102 points, increased the attractiveness of gold to buyers holding different currencies.
Forecast of gold price trend, in recent times, gold has been queried below the level of 1,950 USD/ounce as the US Federal Reserve (Fed) is expected to maintain positive monetary policies. during the summer . However, Kristina Hooper, chief global market strategist at Invesco, said that pricing action is one factor that investors should consider when building a core position on gold.
Hooper explained that, while gold faces a full-blown environment when the market expects the Fed to raise rates by 25 basis points later this month, gold remains an important strategic asset to keep in mind. property construction. She added that the precious metal could continue to be well supported in the near-term as investors look for hedging opportunities from increasing risks in the market.
XAUUSD BUY 1922- 1924 💯💯
✅ TP1: 1930
✅ TP2: 1936
✅ TP3: 1942
🛑 SL: 1914
Forecast of gold price trend, in recent times, gold has been queried below the level of 1,950 USD/ounce as the US Federal Reserve (Fed) is expected to maintain positive monetary policies. during the summer . However, Kristina Hooper, chief global market strategist at Invesco, said that pricing action is one factor that investors should consider when building a core position on gold.
Hooper explained that, while gold faces a full-blown environment when the market expects the Fed to raise rates by 25 basis points later this month, gold remains an important strategic asset to keep in mind. property construction. She added that the precious metal could continue to be well supported in the near-term as investors look for hedging opportunities from increasing risks in the market.
XAUUSD BUY 1922- 1924 💯💯
✅ TP1: 1930
✅ TP2: 1936
✅ TP3: 1942
🛑 SL: 1914
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