# GoldTrading

GBP/USD Update - 01/13/2025
The GBP remains notably weak against the USD across both daily and intraday timeframes, steadily approaching the critical support level at 1.2000. This level is pivotal, and if reached, it offers an attractive risk-reward ratio for potential buy positions, making buying more favorable than selling in the long run.
On lower timeframes, while waiting for the major support to be tested, there is still room for selling opportunities. However, it is advisable to wait for a retracement toward the 1.22385 resistance level before entering short positions, with a target of 1

#USA
#USDTdominance #GoldTrading
Golden Finance reports that Dominion Securities analyst Molly Brooks said that The Federal Reserve (FED) might start cutting interest rates in June, with five rate cuts expected this year. According to data from the Chicago Mercantile Exchange, the market anticipates four or more rate cuts by 2025. Brooks stated that concerns about economic growth will ultimately outweigh inflation risks, forcing the FED to ease monetary policy, although she believes that the U.S. will not fall into recession.