GOLD: Gold Continued its Consolidation in Asian
Hello everyone! Today i want to share some macro analysis with you!
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$Gold - main 2606(GCmain)$The fluctuating expectations of a Fed rate cut and slight volatility in the dollar and US Treasury yields have put temporary downward pressure on gold prices, leading to a continuation of the correction. However, geopolitical tensions in the Middle East remain high: US Vice President Vance made an emergency flight to Islamabad, Pakistan, with a clear objective—to restart negotiations and stabilize the situation before the temporary ceasefire between the US and Iran expires. This short-term correction is merely a consolidation phase within an upward trend!
Gold continued its consolidation in Asian trading on Tuesday, touching the resistance level near 4832 mentioned yesterday, and successfully reaching the target level of 4830!
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