Gold Price Forecround 2,000$, eyes on US Core PCE Price Indexast: XAU/USD bull-bear tug-of-extends a
On Friday morning, the price of gold is stagnant and hasn't been able to stay above 2000$ due to the recent increase in the value of the US dollar. The focus now shifts to the US Federal Reserve's Core Personal Consumption Expenditures (PCE) - Price Index, which is their preferred measure of inflation, to determine the future direction of the gold price.
Thanks for sharing your analysis, don't you think this analysis contradict with the one just recently published? 1988.80 breakout, versa 1988.40, bull to 2040...
RLinda
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I think you got the key elements right. Great perspective on the market)