XAUUSD : Gold will fluctuate with FOMC meetings
Updated
Gold comes under pressure as the week of major central bank meetings begins
Gold extended its decline from last week's economic data, with focus shifting to this week's Fed meeting
World gold prices had a volatile week when US economic data was stronger than estimates. The precious metal plummeted from $2,179 to $2,152 on a higher-than-expected CPI report, causing the market to lower prices for a Fed rate cut. Gold mostly traded in a wide price range of $2,152 - $2,177 before ending the week at $2,155.
Next week, the market will receive a series of important economic data, including the Fed's interest rate decision along with US manufacturing and services PMI data. Currently, gold is falling to $2,151.
Gold extended its decline from last week's economic data, with focus shifting to this week's Fed meeting
World gold prices had a volatile week when US economic data was stronger than estimates. The precious metal plummeted from $2,179 to $2,152 on a higher-than-expected CPI report, causing the market to lower prices for a Fed rate cut. Gold mostly traded in a wide price range of $2,152 - $2,177 before ending the week at $2,155.
Next week, the market will receive a series of important economic data, including the Fed's interest rate decision along with US manufacturing and services PMI data. Currently, gold is falling to $2,151.
Note
Buy 2145 - 2147TP : 2150
TP2 : 2155
SL : 2140
Note
Hit tp1 40 pipsNote
Hit 70 pipsNote
Hit full TP 90 pips
👉 Free Signals Everyday: t.me/SantaTradeProInsightsFX
👉 Support 24/7 and More
👉 Join the group to profit every day.
👉 @bellatrader_2509
👉 Support 24/7 and More
👉 Join the group to profit every day.
👉 @bellatrader_2509
Related publications
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.