XAUUSD Double Top Pattern
Gold price lost its shine after the hawkish stance from Fed chairman Powell.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Sep rose to 70.5% from 55% a week ago.
Technical:
The near–term support is around $1710, resistance around $1760
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Sep rose to 70.5% from 55% a week ago.
Technical:
The near–term support is around $1710, resistance around $1760
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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.