Last week's meeting, FED official decide to keep interest rate constant at 5.5%. If necessary, in order to stabilize the country's employment rate and reach FED target(2% inflation rate), believe soon to be FED will be decide to cut interest rates.
Therefore, predicting money outflows from dollar trend would be continue and pushing gold price upward.
Potential support: 2000
Resistance:
-2036.91
-2075.11
Therefore, predicting money outflows from dollar trend would be continue and pushing gold price upward.
Potential support: 2000
Resistance:
-2036.91
-2075.11
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I make a living by drawing charts.
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.