Hello,
Gold has a support at 1911 area, and resistance at1980.
When to see Gold is heading higher?
If the #DXY would fall again from 105 level to 101 level in the next few weeks
and #US10y is falling from 4.3 to 3.8 level also.
When to see #GOLD falling?
If the demand for the dollar continues and the yield continues to rise.
How will the #FEDS meeting effect the GOLD?
Bullish: IF Mr. #POWEL will hint there is no more rate hikes, and if he signals when possibly would the FEDS lower rates in 2024?
As well we see the #Inflation falls, and #Unemployment rises, this would signal no more rate hikes, this is bearish for the dollar and bullish for the Gold.
Gold has a support at 1911 area, and resistance at1980.
When to see Gold is heading higher?
If the #DXY would fall again from 105 level to 101 level in the next few weeks
and #US10y is falling from 4.3 to 3.8 level also.
When to see #GOLD falling?
If the demand for the dollar continues and the yield continues to rise.
How will the #FEDS meeting effect the GOLD?
Bullish: IF Mr. #POWEL will hint there is no more rate hikes, and if he signals when possibly would the FEDS lower rates in 2024?
As well we see the #Inflation falls, and #Unemployment rises, this would signal no more rate hikes, this is bearish for the dollar and bullish for the Gold.
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