Yesterday, the Federal Reserve announced that it would keep interest rates unchanged. At the same time, Powell also said that he was in no rush to cut interest rates, believing that the cost of waiting is quite low. He also said that he would only cut interest rates after seeing a significant slowdown in the economy. The fact that the Fed does not cut interest rates is actually a good thing for gold, so our main trading strategy today is to buy low and call.
Yesterday, our trading strategy was to wait for the gold price to retrace 3350-3360 and 3330. Yesterday, gold fell back to the lowest level of 3364, and then rebounded to 3415.
Today, gold has stepped back to 3330 and gained support here. I think now is a good opportunity to buy at a low level. The upper target can first look at the 3370 and 3400 integer marks, followed by 3430.
Yesterday, our trading strategy was to wait for the gold price to retrace 3350-3360 and 3330. Yesterday, gold fell back to the lowest level of 3364, and then rebounded to 3415.
Today, gold has stepped back to 3330 and gained support here. I think now is a good opportunity to buy at a low level. The upper target can first look at the 3370 and 3400 integer marks, followed by 3430.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
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🏆Contact me to copy trading:
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👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.