Gold Gold Daily Video, August 06, 2024

[Sive Morten]

Good morning,

There is some indecision on Gold market today. By some indirect signs we suggest that gold could show retracement to $2450 again, but this is not certain due to lack of information concerning Fed action yesterday:

 

[Brett Reynolds]

All depending on Geopolitical Actions..but considering that everyone is 'expecting' Iran to retaliate etc..i don't think that it will come as such a shock to markets..
I like to see Gold lower after such a Bull run over last few months..and as long as Daily candle closes below $2425 then i'm betting on $2325..