XAUUSD: Gold is once again profitable and operating today

The Federal Reserve announced a pause in interest rate hikes, but the dot plot shows that the median interest rate expectation at the end of 2023 is 5.6%, which was 5.1% before, which means that the Federal Reserve may have two interest rate hikes to go this year, after the data came out, gold fell from 1956 to 1940, but the bears did not extend, but rebounded to 1952 and then fell again. Finally closed in 1940, the day line was closed with a small negative line.

The current lower support is still in the 30 line, this position belongs to the daily level of support, it is still a bit difficult to break down this position, today with this position can see a wave of rebound, it is recommended to do more near 1932, the target to see 1940-1945, re-layout of the empty single needs to be considered near 1954, you can wait for my prompt.

Join me and don't let hesitation and procrastination affect your rate of making money!

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Orders bought around 1932 yielded considerable profits

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1957

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Sideways oscillation