Three routes for gold. Forecast as of 17.11.2023

Historically, a severe inflation slowdown has been accompanied by a recession in the US economy, which is good news for precious metals. However, the ongoing cycle may turn out unique. Let's discuss it and make a trading plan.

Six-month fundamental forecast for gold

Gold is viewed as a tool for hedging inflation risks, but its best performance is recorded when CPI trends down, the US economy is weak, and the Fed plans to switch from tightening to monetary stimuli. A similar micro-environment is currently forming, so the XAUUSD inspires optimism. However, things can make a U-turn at any moment.

We… Read full author’s opinion and review in blog of #LiteFinance