XAU strengthens following the Fed's decision to leave interest
Updated
After rebounding more than $10 to above $2,164, gold turned down again and ended the day at $2,157. Earlier today, the Fed continued to keep interest rates unchanged at 5.5% and in the press conference, Chairman Powell emphasized that interest rates should not be delayed for too long. After the meeting, the precious metal jumped to $2,174 and continued its momentum to $2,222 before correcting back down.
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 down slightly to $2,202.
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 down slightly to $2,202.
Note
SELL XAU 2203 - 2205 TP1: 2195
TP2: 2190
SL: 2213
Note
rinning +60 pipsNote
hit full tp + 150 pips
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