GOLD'S LEAP AFTER THE NEWS IS RELEASED
Gold edged lower to hold near $2,360 per ounce on Wednesday, as investors continued to reduce bets on US Fed rate cuts this year, following recent remarks from officials, while awaiting the key PCE inflation report.
On Tuesday, Minneapolis Fed President Neel Kashkari stated in an interview that the Fed should delay cutting rates until inflation significantly improves and might even hike rates if inflation fails to come down further.
Ananda research and comments XAUUSD PLAN DAY 29/05/2024
🔴SELL GOLD: 2370 - 2472 , SL: 2476
(scalping)
🔴SELL GOLD: 2386 - 2488 , SL: 2392
🟢BUY GOLD: 2324 - 2322, SL: 2318
(scalping)
🟢BUY GOLD: 2305 - 2307 , SL: 2301
Breakout & retest:
- Breaking and closing on: 2361 - 2374
- Break and close below: 2345 - 2335 - 2322
Support 2347 - 2335 - 2322 - 2316 - 2307
Resistance: 2370 - 2378 - 2384 - 2397
On Tuesday, Minneapolis Fed President Neel Kashkari stated in an interview that the Fed should delay cutting rates until inflation significantly improves and might even hike rates if inflation fails to come down further.
Ananda research and comments XAUUSD PLAN DAY 29/05/2024
🔴SELL GOLD: 2370 - 2472 , SL: 2476
(scalping)
🔴SELL GOLD: 2386 - 2488 , SL: 2392
🟢BUY GOLD: 2324 - 2322, SL: 2318
(scalping)
🟢BUY GOLD: 2305 - 2307 , SL: 2301
Breakout & retest:
- Breaking and closing on: 2361 - 2374
- Break and close below: 2345 - 2335 - 2322
Support 2347 - 2335 - 2322 - 2316 - 2307
Resistance: 2370 - 2378 - 2384 - 2397
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