$XAU/USD (XAUUSD.CFD)$ $Gold Futures(AUG4) (GCmain.US)$ Mak...
Makes sense why gold shot up around 4.30 pm (Malaysia time). That S&P Global PMI data must be fueling speculation about the Fed cutting rates again . Just be careful buying right now , Gold might dip down to the 2351.00 support area .
This is just my analysis not 100% Correct .🫶🏻
![$XAU/USD (XAUUSD.CFD)$ $Gold Futures(AUG4) (GCmain.US)$ Makes sense why gold shot up around 4.30 pm (Malaysia time). That S&P Global PMI data must be fueling s...](https://sgsnsimg.moomoo.com/sns_client_feed/104973485/20240523/1195b0ff78a496d5e049f7026a5e1db0.jpg/big?area=104&is_public=true)
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103326729 : When the stock market rises, gold can only fall![chart_with_downwards_trend 📉](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f4c9.png)
King CrabOP 103326729: Not always accurate , Stocks rise doesnt always mean gold falls . It depends .![coffee ☕](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/2615.png)