Gold prices edged lower on Tuesday after U.S. President Donald Trump eased concerns by saying not all of his proposed tariffs would take effect on April 2, while a Federal Reserve official signaled caution about rate cuts this year.
Atlanta Federal Reserve President Raphael Bostic said he expects inflation to slow in the coming months and as a result, the Fed is now only on track to cut its benchmark interest rate by a quarter of a percentage point by the end of the year.
Bostic predicts the Fed will cut rates twice this year, in line with his peers' meeting last week, where the median forecast showed two 0.25 percentage point rate cuts by 2025.
XAUUSD trading strategy around the price zone:
SELL XAUUSD around 3028-3030
Stoploss: 3035
Take Profit 1: 3023
Take Profit 2: 3018
Take Profit 3: 3013
BUY XAUUSD around 2998-3000
Stoploss: 2995
Take Profit 1: 3005
Take Profit 2: 3010
Take Profit 3: 3016
Note: Always set Stoploss in all cases to be safe
Atlanta Federal Reserve President Raphael Bostic said he expects inflation to slow in the coming months and as a result, the Fed is now only on track to cut its benchmark interest rate by a quarter of a percentage point by the end of the year.
Bostic predicts the Fed will cut rates twice this year, in line with his peers' meeting last week, where the median forecast showed two 0.25 percentage point rate cuts by 2025.
XAUUSD trading strategy around the price zone:
SELL XAUUSD around 3028-3030
Stoploss: 3035
Take Profit 1: 3023
Take Profit 2: 3018
Take Profit 3: 3013
BUY XAUUSD around 2998-3000
Stoploss: 2995
Take Profit 1: 3005
Take Profit 2: 3010
Take Profit 3: 3016
Note: Always set Stoploss in all cases to be safe
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
️🥇 Zalo Group: zalo.me/g/hydlwv957
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
️🥇 Zalo Group: zalo.me/g/hydlwv957
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.