Macro analysis expects the gold price $XAUT to test the range $4.450-$4.800 over the next 6-12 months, supported by safe-haven demand and asset diversification. The overall trend is still within a Bullish Structure path.
The market is currently reflecting uncertainty around the issues in the Strait of Hormuz and is awaiting the release of data from the United States.
The Fed interest rate policy (U.S. Central Bank) is the main determinant of short-term volatility.
Gold reserve purchases by central banks (such as the People’s Bank of China) continue to uphold the price foundation. $PAXG
The market is currently reflecting uncertainty around the issues in the Strait of Hormuz and is awaiting the release of data from the United States.
The Fed interest rate policy (U.S. Central Bank) is the main determinant of short-term volatility.
Gold reserve purchases by central banks (such as the People’s Bank of China) continue to uphold the price foundation. $PAXG
