FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello traders ,what do you think about GOLD? Gold began a correction phase after reaching the peak of its ascending channel. This correction is anticipated to persist until it reaches the designated zone. Upon arriving at the specified support zone, it is expected to rise to at least the predetermined levels.
If this post was useful to you, do not forget to like and comment.❤️
in about three hours, Jerome Powell, the Chair of the Federal Reserve, will deliver a speech. Considering Powell's hawkish tone in his previous speech, which diminished hopes for a near-term interest rate cut, it will be interesting to see how his tone will be in today's session, especially in light of the GDP announcement on Wednesday and the PCE data on Thursday.
After Powell's comments, gold hit its highest level since May 4
In the upcoming trading week, do you anticipate gold to break its all-time high?"



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.