Gold fluctuates at high levels, don't chase the rise
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The Federal Reserve meeting minutes raised expectations for an interest rate cut in September, increasing gold's rise. However, gold still did not reach a new high. Gold is cautiously chasing the rise, and should be careful about the fall after the high.
The 1-hour chart of gold is now showing a volatile downward trend. It is more difficult for gold to rise upward. There is pressure on gold near 2513.
The 1-hour chart of gold is now showing a volatile downward trend. It is more difficult for gold to rise upward. There is pressure on gold near 2513.
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