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Gold is likely to retest the latest record high and attack psychological $2500 level in coming months, as all key factors that drive the metal’s price remain supportive. Persisting geopolitical tensions and threats of escalation continue to underpin demand, along with growing signals of stronger monetary easing and one of the most significant – gold purchases by central banks – led by China. However, overbought conditions on monthly chart and long upper shadows of April/May monthly candlesticks, as well as June’s candlestick so far being in the shape of long-legged Doji, signal rising offers and indecision, indicating that bulls might be running out of steam. This suggests that metal’s price may hold in extend consolidation, which so far finds ground at $2300 zone, with dips not to exceed solid supports at $2200 (psychological / Fibo 38.2% of $1810/$2450) to keep larger bulls intact for fresh push higher. To get ACCURATE LIVE ACCURATE 2-3 TRADES (Forex/Comex/Stocks) Telegram  Financial

CAC Forecast: Continues to Focus on €7900 The Parisian CAC fell significantly during the trading session on Tuesday, but he continues to see support in the same general vicinity, namely the €7900 level. Because of this, I do think that we have a situation where traders will pay close attention to whether or not this level holds, as it is a large, round, psychologically significant figure, and of course it’s also an area that has already been tested multiple times. That's the reason why I will be watching very closely. Are We Still Range Bound? I think at this point in time, the market is still trying to question whether or not we are range bound, and I do think that the next couple of sessions could be a pivotal turn of events for the market, and therefore we need to pay close attention to what happens next. Ultimately, this is a market that will have to make a decision, and the fact that we have the European Central Bank with an interest rate decision coming up in the next couple

Gold prices dipped on Wednesday from yesterday's highs near $2,365 an ounce. Investors continued to trim bets on Federal Reserve rate cuts this year following recent comments from officials and ahead of the key personal consumption expenditures (PCE) inflation report. Yesterday, Minneapolis Fed President Neel Kashkari said in an interview that the Fed should hold off on cutting rates until inflation improves significantly. Thus, it could even raise rates if inflation fails to come down further. In general, traders are now focusing on personal consumption expenditures data scheduled for release on Friday, the Federal Reserve's preferred measure of US inflation, which is expected to be in line with the Consumer Price Index, indicating that prices are not accelerating. At the same time, rising geopolitical risks in the Middle East continue to enhance the appeal of a safe haven. Meanwhile, the recent reports showed that the Israeli army denied striking a tent camp west of Rafah, wi