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Gold is back to soar and recorded a new all-time high
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[QUOTE="FXOchartist, post: 345537, member: 90221"] Gold price is now trading between the upper and middle band lines with the Bollinger band line drawing an ascending line with wide bands indicating an uptrend with high volatility. Price movement in the last week has tended to be consolidation with the $2400 peak becoming solid resistance during last week's trading period. The public is still waiting for the Fed to cut interest rates, but it seems that Powel has not given a signal of a cut in the near future, causing market speculation amid heated tensions in the Middle East. Strategists at MRB Partners said they would not increase gold exposure in the next 6-12 months due to uncertainty over expectations of the Fed cutting interest rates. [ATTACH type="full"]60742[/ATTACH] [/QUOTE]
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Gold is back to soar and recorded a new all-time high
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