Hey there! Quick dive into gold's rollercoaster last week and a peek at the road ahead!
Gold hit a record high, soaring close to $2222, fueled by whispers of Fed rate cuts. But, alas, the rally didn't hold, and a resurgent US Dollar nudged gold down to a close of $2165, despite a slight week-on-week gain.
Next Week's Glimpse: Expect gold to possibly dip further, eyeing a retest of the EMA 89 support at $2148. If it breaks, brace for a sell-off, targeting the 212x zone.