Gold price Quietly waiting for new information
The global gold price remains at $1,957, with fluctuations and no clear direction. The gold market is relatively quiet ahead of the US Federal Reserve's monetary policy meeting and important inflation reports.
Investors are waiting for the Fed's decision on the next steps. The meeting will start today and end on Wednesday with a statement. Most of the market expects the Fed to pause the interest rate hike cycle, but the better-than-expected US job report last week may lead to another rate hike.
Investors are waiting for the Fed's decision on the next steps. The meeting will start today and end on Wednesday with a statement. Most of the market expects the Fed to pause the interest rate hike cycle, but the better-than-expected US job report last week may lead to another rate hike.
✅Buy order in the $1,937-$1,940 price zone when the support zone is approached.
✖️Stoploss: $1,933.
✅Sell the $1,985-$1,982 range when the price hits the resistance area.
✖️Stoploss: $1,990.
AND ALWAYS REMEMBER WHAT YOU NEED TO DO IS MANAGE RISK. GOOD LUCK !!!