Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-Gold prices eased toward $2,310 an ounce on Wednesday, hovering close to one-month lows as caution prevailed ahead of key US inflation data and the latest Federal Reserve interest rate decision. Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-than-expected payrolls data last Friday. Additionally, China’s central bank, the biggest official sector buyer of gold, paused its purchases in May after 18 consecutive months of buying spree. Elsewhere, gold miner Polymetal International announced this week that it plans to double output by 2029 through acquisitions in Central Asia.
🔴SELL GOLD: 2325- 2323, SL: 2329
(Resistance H4 + VCM EMA 89 zone H1)
🔴SELL GOLD: 2338 - 2340, SL: 2344
🟢BUY GOLD: 2270 - 2268, SL: 2264
⛔️Breakout:
📈 Breakout on: 2325
📉 Breakout below: 2304 - 2300 - 2391
🔼Support: 2286 - 2274 - 2268
🔽Resistance: 2325 - 2338
Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-Gold prices eased toward $2,310 an ounce on Wednesday, hovering close to one-month lows as caution prevailed ahead of key US inflation data and the latest Federal Reserve interest rate decision. Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-than-expected payrolls data last Friday. Additionally, China’s central bank, the biggest official sector buyer of gold, paused its purchases in May after 18 consecutive months of buying spree. Elsewhere, gold miner Polymetal International announced this week that it plans to double output by 2029 through acquisitions in Central Asia.
🔝🔝 Deekop's research and comments XAUUSD PLAN DAY TODAY June 12
🔴SELL GOLD: 2325- 2323, SL: 2329
(Resistance H4 + VCM EMA 89 zone H1)
🔴SELL GOLD: 2338 - 2340, SL: 2344
🟢BUY GOLD: 2270 - 2268, SL: 2264
⛔️Breakout:
📈 Breakout on: 2325
📉 Breakout below: 2304 - 2300 - 2391
🔼Support: 2286 - 2274 - 2268
🔽Resistance: 2325 - 2338
GOOD LUCK EVERYONE👍
🔴SELL GOLD: 2325- 2323, SL: 2329
(Resistance H4 + VCM EMA 89 zone H1)
🔴SELL GOLD: 2338 - 2340, SL: 2344
🟢BUY GOLD: 2270 - 2268, SL: 2264
⛔️Breakout:
📈 Breakout on: 2325
📉 Breakout below: 2304 - 2300 - 2391
🔼Support: 2286 - 2274 - 2268
🔽Resistance: 2325 - 2338
Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-Gold prices eased toward $2,310 an ounce on Wednesday, hovering close to one-month lows as caution prevailed ahead of key US inflation data and the latest Federal Reserve interest rate decision. Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-than-expected payrolls data last Friday. Additionally, China’s central bank, the biggest official sector buyer of gold, paused its purchases in May after 18 consecutive months of buying spree. Elsewhere, gold miner Polymetal International announced this week that it plans to double output by 2029 through acquisitions in Central Asia.
🔝🔝 Deekop's research and comments XAUUSD PLAN DAY TODAY June 12
🔴SELL GOLD: 2325- 2323, SL: 2329
(Resistance H4 + VCM EMA 89 zone H1)
🔴SELL GOLD: 2338 - 2340, SL: 2344
🟢BUY GOLD: 2270 - 2268, SL: 2264
⛔️Breakout:
📈 Breakout on: 2325
📉 Breakout below: 2304 - 2300 - 2391
🔼Support: 2286 - 2274 - 2268
🔽Resistance: 2325 - 2338
GOOD LUCK EVERYONE👍
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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.
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.