EliteTradersFX

Strategic Analysis and Projections for Gold Market in 2024

Long
EIGHTCAP:XAUUSD   Gold Spot / U.S. Dollar
From a fundamental and technical perspective, my current stance on gold in 2024 is predominantly optimistic. I anticipate the possibility of gold surpassing the $2,100 threshold within the fiscal year; however, it might necessitate a slight retracement beforehand. My strategic approach involves monitoring for a breach of the $2,020 mark, with an expectation of a temporary pullback to around $1,977, prior to the resumption of a bullish uptrend.

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