The markets are busy today, and the US Dollar is losing value as investors anticipate a positive response to news of a US debt agreement.
The market is confident that Congress will approve the agreement on Wednesday, which is reflected in the performance of U.S. Treasuries and stock futures.
Gold prices are currently at a two-month low of $1,937, and there is a risk that they could decline further if investors continue to move towards riskier assets.
While the US Dollar's value is expected to remain relatively stable due to the Fed's upward bets and the recent positive economic data, there may be some fluctuations in the near future.
Anyhow, I still believe in another rally before the price returns to $1925.
And my rally target this time will be around 1955$ - 1960$
Let's wait for the running strategy.
The market is confident that Congress will approve the agreement on Wednesday, which is reflected in the performance of U.S. Treasuries and stock futures.
Gold prices are currently at a two-month low of $1,937, and there is a risk that they could decline further if investors continue to move towards riskier assets.
While the US Dollar's value is expected to remain relatively stable due to the Fed's upward bets and the recent positive economic data, there may be some fluctuations in the near future.
Anyhow, I still believe in another rally before the price returns to $1925.
And my rally target this time will be around 1955$ - 1960$
Let's wait for the running strategy.
