Finally, there could be some recovering of USD in the short term after which once it is over, Gold will start flying to 2500$ and once Fed starts cutting rates it'll reach 4000$ relatively fast.
Silver is a great opportunity at the moment being only 25$. Silver should reach 70$ once Fed starts cutting rates. We will now probably witness one last retracement on commodities before they sky rocket up leaving nothing behind.
I sincerely hope retracement comes otherwise it'll be hard to enter new positions...
Perhaps it's time to forget about Gold below 2000$...
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December 04, 2023 at 07:21AM
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Spot Gold Rises to Record on Dovish Fed Remarks - Forex Factory
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