XAU awaits Fed interest rate meeting
Updated
Gold fell sharply from $2,159 to $2,146 as the USD was supported by rising US government bond yields before turning up and ending the day around $2,160 as the USD leveled off. Precious metals cannot break out as economic data is still good and the Fed interest rate outlook is still "hawkish".
There will be no important economic data from the US today and tomorrow until Thursday when the Fed's interest rate meeting begins. Currently, gold is trading around $2,160.
There will be no important economic data from the US today and tomorrow until Thursday when the Fed's interest rate meeting begins. Currently, gold is trading around $2,160.
Note
XAUUSD SELL 2161 - 2163TP 2156
TP 2153
SL 2170
Note
running + 60 pipsNote
Hit TP1 + 110 pips
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.