Gold increased sharply after POMC news
Updated
After rebounding greater than $10 to above $2,164, gold grew to become down once more and ended the day at $2,157. Earlier these days, the Fed persevered to maintain hobby prices unchanged at 5.5% and withinside the press conference, Chairman Powell emphasised that hobby prices must now no longer be not on time for too long. After the assembly, the treasured metallic jumped to $2,174 and persevered its momentum to $2,222 earlier than correcting returned down.
There may be no vital financial statistics from the United States these days and day after today till Thursday while the Fed`s hobby price assembly begins. Currently, gold is down barely to $2,202.
There may be no vital financial statistics from the United States these days and day after today till Thursday while the Fed`s hobby price assembly begins. Currently, gold is down barely to $2,202.
Note
SELL XAUUSD 2203-2205SL 2213
TP 2290
TP 2280
Note
SELL XAUUSD 2207-2209SL 2213
TP 2190
TP 2180
Note
running + 80 pipsNote
Hit Full TP + 250 pips
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.