Gold 08/02 Before ADP Non-Farm dollar continued to drop slightly
Copper falls below $4 amid slowing global production. The outlook for the yellow metal remains hazy, especially with US interest rates set to remain higher in longer time this year.
While gold is expected to benefit from the Fed's final rate cut next year, it is expected to receive limited support in the near-term.
BUY GOLD zone 1932 - 1929
Stop Loss : 1923
Take Profit 1: 1935
Take Profit 2: 1940
Take Profit 3: 1950
Note: Installing TP SL fully wins the market and is safe in trading
While gold is expected to benefit from the Fed's final rate cut next year, it is expected to receive limited support in the near-term.
BUY GOLD zone 1932 - 1929
Stop Loss : 1923
Take Profit 1: 1935
Take Profit 2: 1940
Take Profit 3: 1950
Note: Installing TP SL fully wins the market and is safe in trading
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