Gold Drops Ballast. Forecast as of 26.07.2024

The yellow metal's pullback looks strange amid the market's confidence about the Fed's upcoming rate cuts. Could gold just be dropping insecure buyers? Let’s discuss it and make a trading plan for XAUUSD.Highlights and key points Strong US GDP data accelerated the precious metal's pullback. A decrease in Chinese demand drives the downward trend in the XAUUSD. Regardless of who becomes the American president, gold will win. A return above $2,410 per ounce will not be the only reason for buy