GOLD: Nice position for buyers!

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Fundamental Overview

Last week, the United States released its Advance Gross Domestic Product (GDP) report which showed slower growth than expected in the world's largest economy. China's official Manufacturing Purchasing Managers' Index (PMI) also declined in April, while Japan's factory activity contracted for the sixth consecutive month. These economic indicators are contributing to recession fears globally. However, there are speculations that the US central bank will hold rates steady for the rest of the year, which may limit the downside for the Gold price for now. As a result, traders may refrain from making aggressive bearish bets before key central bank events on Wednesday and Thursday.

Gold is expected to return to an uptrend

Plan trade in the intro ♥
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Uwaga
Hit Full TP
Transakcja zakończona: osiągnięto poziom stop
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