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Good evening 🌟
Let me give you a clear picture of the current gold market without complexity:
🟡 The short-term outlook for the #GoldBreaksAbove$5,200 gold market$XAUT
General trend: Slightly cautious upward bias
Main reasons:
Geopolitical tensions
Anticipation of US interest rate decisions
Any weakness in the dollar directly supports gold
📈 Possible scenarios
1️⃣ Positive scenario most likely currently(:
Dollar stability or decline
Signals of future rate cuts
👉 Gold continues to gradually rise
2️⃣ Negative scenario:
Strong US data
Tightening of interest rate policy
👉 Temporary downward correction then attempt to rebound
🎯 Important note
Gold is now more of a hedge asset than a speculative one
Suitable for preserving value, especially with economic uncertainty