Gold is in a short-term uptrend, targeting the July 5 high and possibly reaching the upper Target Zone of 2451 - 2436 if consolidation occurs above this level. Long trades are recommended at strong su... View MoreGold is in a short-term uptrend, targeting the July 5 high and possibly reaching the upper Target Zone of 2451 - 2436 if consolidation occurs above this level. Long trades are recommended at strong support levels, with the first target at 2365. The 10-year Treasury yield is poised for a potential dip, influenced by the upcoming CPI report. A September Fed rate cut is becoming more likely due to disinflation, labor market issues, and an increasing real fed funds rate. Risk appetite remains strong, with equities expected to continue their upward movement.
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Gold's Market Trends and Fed Rate Cut Expectations Explained | XAUUSD
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