Home News Gold fears the heights. Forecast as of 30.01.2023

Gold fears the heights. Forecast as of 30.01.2023


The Fed’s tightening cycles ended in April, and gold reached its highest level since April. But, the Fed may become more dovish by 2023. This encourages buyers to close long trades. Let’s discuss this topic and create a trading plan.

Weekly fundamental forecast for gold

Investors will often draw historical parallels. The 6-week rally in gold, which was the best January since 2012, saw a more than 5% increase. It reminded many of 2020’s summer. At that time, following nine weeks of continuous growth, the precious metal reached an all-time high at $2,069.4… Read full author’s opinion and review in blog of #LiteFinance

Continue reading…

Previous articleThe Dollar continues to rally. What about other currencies?
Next articleIs cTrader a reliable platform?