◽️ FED raised the interest rate 75bp on Wednesday, the highest level in 28 years, But the gold market has shown good resistance to this sharp hike in interest rates

◽️ Rising fears of a recession have led to a sharp drop in the stock market, cryptocurrency, and ounce support in the 1800s.

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◽️ Investors who are selling their stock, and their Cryptocurrency assets, will definitely invest some of their capital in gold.

◽️ But remember this point, Big Investors and Business owners have to sell their gold and cryptos to provide the margins they need and protect their companies.

πŸ”» So, because of recession risk, we may have a short-term downside on gold, But in long term, what we predicted, gold is in good support

πŸ”» As long as the price of gold remains between 1878 and 1787, it is technically considered a neutral move.

πŸ”» Gold will reach $2,000 when the Federal Reserve no longer puts pressure on the economy, and the government increases spending again.