Gold Rush Alert: What’s Driving the Price of Gold on September 26, 2024
Strategy |. Waiting to sell |. $2,670 or 41,200 baht.
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news:
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The US stock market has risen strongly recently. After the Fed announced an interest rate cut of 0.50% on September 18, this raised investors’ hopes that the economy could slow down gradually or make a soft landing However, a report from the Conference Board on Tuesday indicated that Points out that the consumer The United States confidence index It fell the most in more than three years, which raised concerns about the state of the US labor market. Sending gold to continually surge to new highs.
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According to the latest data from the Fedwatch Tool, the market is anticipating that the Federal Reserve will cut interest rates by 0.5% in November, rising to 60.7% after giving it a score of 37.0% last week.
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Gold analysis:
While investors keep an eye on the comments of US Federal Reserve (Fed) officials, including Fed Chairman Jerome Powell, tonight at 8:20 pm Thai time.
strategy :
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It is recommended that the technical MACD signal has broken down in the short term, indicating that it is starting to lose strength in the short term. It is not recommended to buy at this time. Anyone with items can sell them to make some profit first. Wait for gold to adjust and then buy it back. We think that when there is a correction, we expect $2600 to be the first support target that should be bought in the short term.
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