Gold is under pressure as investors wait for the Fed interest rate meeting
Gold recovered slightly as the USD slowed down and investors prepared for the Fed meeting on Thursday.
During the March 18 session, gold fell sharply from $2,159 to $2,146 when the USD was supported by the increase in US government bond yields before turning up and ending the day around $2,160 when 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.
Gold recovered slightly as the USD slowed down and investors prepared for the Fed meeting on Thursday.
During the March 18 session, gold fell sharply from $2,159 to $2,146 when the USD was supported by the increase in US government bond yields before turning up and ending the day around $2,160 when 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.
Note
💵XAUUSD SELL 2161 - 2163💵✔️TP 2156
✔️TP 2153
❌SL 2170
Note
hit 80 pipsNote
Buy 2153 - 2155 TP : 2160
TP2 : 2165
SL : 2148
Trade active
Buy 2148 - 2150TP : 2155
TP2 : 2160
SL : 2140
Note
⚡️ running + 50 pips - Move SL to Entry🔼🔼🔼⏫⏫⏫
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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.