gold is dead or usa economy is ready to dead ?
👉gold price made all time high in beginning of last month may
👉since its high in may near 2080 it is constantly coming down because us economic data is beat the expectation of recession. reason why fed forecasting two more hike each week since june fomc
👉if price breaks below yellow line than it will breakdown to 1807 vertically on investor losing hope in gold ever going up again
👉no rate cut this year and two more hike from fed this year is killing gold price
👉since its high in may near 2080 it is constantly coming down because us economic data is beat the expectation of recession. reason why fed forecasting two more hike each week since june fomc
👉if price breaks below yellow line than it will breakdown to 1807 vertically on investor losing hope in gold ever going up again
👉no rate cut this year and two more hike from fed this year is killing gold price
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price testing resistance zone
next update after fomc