The bright world gold price today continued to drop sharply with daily gold falling by 13.4 USD.
Gold markets extend weekly decline ahead of Federal Reserve rate decision as markets re-evaluate expectations of Wednesday's rate cut and then another rate hike. in July.
According to the CME FedWatch Tool, after the CPI data was released, markets predicted a 92% chance of a Fed pause in April and a 60% chance of a 25 basis point increase in July.
The gold market's most important game today is the updated economic forecasts, dot charts and Fed Chairman Jerome Powell's press conference.
Analysts warn that if there is a surprise rate hike on Wednesday, gold risks being sold on a large scale.
The current us we will be 1 command sell
XAUUSD SELL LIMIT 1952 - 1955 💯💯
✅𝖳𝖯1 1945
✅𝖳𝖯2 1940
✅TP3 1935
🛑𝖲𝖫 1962
Gold markets extend weekly decline ahead of Federal Reserve rate decision as markets re-evaluate expectations of Wednesday's rate cut and then another rate hike. in July.
According to the CME FedWatch Tool, after the CPI data was released, markets predicted a 92% chance of a Fed pause in April and a 60% chance of a 25 basis point increase in July.
The gold market's most important game today is the updated economic forecasts, dot charts and Fed Chairman Jerome Powell's press conference.
Analysts warn that if there is a surprise rate hike on Wednesday, gold risks being sold on a large scale.
The current us we will be 1 command sell
XAUUSD SELL LIMIT 1952 - 1955 💯💯
✅𝖳𝖯1 1945
✅𝖳𝖯2 1940
✅TP3 1935
🛑𝖲𝖫 1962
