Today's Expected Range: The price is anticipated to fluctuate between the support at 2378 and the resistance at 2412
----------------
Gold Gains on Growing Rate-Cut Hopes Ahead of Fed Meeting
Gold futures rose 0.3% to $2,388.60 per ounce as anticipation of a U.S. interest-rate cut grows before the Federal Reserve's meeting this week. While a rate hold is expected, any hints of future cuts will be closely watched. Other precious metals also gained, with silver up 0.3% to $28.11 and platinum up 0.7% to $950.70 per ounce. In contrast, copper prices weakened, down 0.2% to $9,073 per metric ton amid concerns over Chinese demand.
Comment
#GOLD Update
Hit Target +95 pip✅
so now should close at least 1h candle under 2386.5 to be a bearish trend till 2377
If you want you can close another part of your trade and for the rest you stop should above 2397
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.