The Federal Reserve left interest rates unchanged on Wednesday for a second straight meeting. The March meeting was the central bank’s most direct acknowledgment to date that President Trump’s policies are set to have a real impact on the economy, stoking significant uncertainty about where inflation, growth and — ultimately — interest rates are headed.
This outcome bears a dovish significance, consequently weakening the USD further while gold remains bullish. I shall wait to see price approach the line drawn as my support zone with a candle stick confirmation to go long. If price breaks the zone towards the upside, I'll wait for a retracement to the resistance turned support with a clear candle stick confirmation to go long.
This outcome bears a dovish significance, consequently weakening the USD further while gold remains bullish. I shall wait to see price approach the line drawn as my support zone with a candle stick confirmation to go long. If price breaks the zone towards the upside, I'll wait for a retracement to the resistance turned support with a clear candle stick confirmation to go long.
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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.