The gold rally is not over yet, because FED
Currently, according to the CME FedWatch tool, the market is 36.5% certain that interest rates will be cut by 50 basis points at the monetary policy meeting next month.
Experts said that the move to loosen monetary policy will have a negative impact on the USD, which is good support for the upward trend of gold prices.
The biggest risk for the precious metal market in the coming time is inflation data, focusing on the US personal consumption expenditure (PCE) index in July. If inflation decreases, it will strengthen the possibility of the Fed easing monetary policy. Conversely, if inflation increases, it will be a drag on precious metals.
Experts said that the move to loosen monetary policy will have a negative impact on the USD, which is good support for the upward trend of gold prices.
The biggest risk for the precious metal market in the coming time is inflation data, focusing on the US personal consumption expenditure (PCE) index in July. If inflation decreases, it will strengthen the possibility of the Fed easing monetary policy. Conversely, if inflation increases, it will be a drag on precious metals.
Nota
BUY gold 2508
TP1: 2514
TP2: 2520
SL: 2501
Nota
Running + 30 pips Nota
RUnning + 100 pips Nota
.Nota
HIT FULl TP 
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