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Topic: Gold's consolidation💔 (Read 6 times)

sr. member
Activity: 98
Merit: 55
December 18, 2024, 02:00:19 PM
#1
Gold
Gold continues to look choppy between $2,600-2,720s which is a rather large consolidation zone. Trading these swings would have considerable changes in value. If the Fed mentions not wanting to cut as much in 2025, it might be bearish for gold as well. However, if we get a confirmation on stagflation, this could pump demand back into the metal as investors will dump the dollar in search of the metal or even crypto.

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