Gold Avoids Bear Market. Forecast as of 20.08.2024

As a rule, gold declines during periods of increased monetary tightening by the Fed. Conversely, it tends to appreciate as soon as the central bank makes a dovish reversal. In the current cycle, the usual patterns have not been observed. Let's discuss this topic and make a trading plan for the XAUUSD.Highlights and key points Gold is flowing from east to west, indicating a bullish trend. De-dollarization, central banks, and geopolitics have dashed the hopes of bears. The Fed's monetary expansion