XAU/USD remains likely to grow. Estimated pivot point is at a level of 1658.67. Main scenario: consider long positions from corrections above the level of 1658.67 with a target of 1800.00 – 1850.00.
Gold prices managed a spirited recovery from 2020 lows as the Fed leaned in to keep shaky credit markets from triggering a credit crisis. That may not keep liquidation pressure at bay.
Accuracy Review Of Analysis Dated 07.07.2023 As projected in analysis 07.07.2023: XAUUSD Bullish Scenario: from Market Price $1914 on 07.07.2023. Spot Gold price may rise further towards $1966/1985 as
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