The consensus among analysts, economists, and market watchers is that a rate cut is almost certain. According to CME FedWatch, the market is currently pricing in a 73% chance of a 25 basis point cut and a 27% chance of a 50 basis point cut.
Note
SELL gold 2584Tp1: 2478
TP2: 2570
SL: 2491
Note
running + 30 pips Note
hit tp 1 Note
running + 80 pips Related publications
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.