GOLD Bearish Outlook.
Technically speaking, I anticipate the price of GOLD to drop further towards 2240 where a Fair value Gap and an Order block are. Looking at the daily timeframe, the precious metal is approaching the mid-point of a FVG, after a market structure shift at 2392. This seems like a short entry position.
Conversely, looking at the fundamental factors such as the anticipated Fed rate cuts, I am concerned to keep a closer look on gold prices as it might continue to rise in the long term.
I stand to be corrected as this is my perception about XAUUSD.
Conversely, looking at the fundamental factors such as the anticipated Fed rate cuts, I am concerned to keep a closer look on gold prices as it might continue to rise in the long term.
I stand to be corrected as this is my perception about XAUUSD.
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