Gold prices are currently trading around $1,975, retreating from near $2,000. Federal Reserve Chairman Jerome Powell and other Fed officials have indicated that interest rates will remain stable at the November meeting. Geopolitical tensions continue to weigh on markets, leading to an outflow of safe-haven assets like gold. Market participants will focus on US PMI, growth, and core personal consumption expenditures (PCE). There are clear signs that interest rates will remain stable at the FOMC's November meeting as it enters its dormant phase. Atlanta Fed President Rafael Bostic said Friday that he does not expect the Fed to cut interest rates until the middle of next year. Philadelphia Fed President Patrick Harker reiterated his intention to keep interest rates unchanged. Meanwhile, Cleveland Fed President Loretta Mester said the U.S. central bank is "at or near the peak of its rate hike cycle."
Note
XAUUSD SELL LIMIT 1985 - 1988
✅TP1 1980
✅TP2 1970
❌SL 1993
XAUUSD BUY LIMIT 1965 - 1962
✅TP1 1970
✅TP2 1980
❌SL 1957
Note
XAUUSD SELL LIMIT 1982 - 1984✅TP1 1975
✅TP2 1970
❌SL 1990
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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.