Due to the upcoming Federal Reserve announcement, gold is currently trading in a narrow range, but the bearish trend remains unchanged. The European market maintains a bearish outlook and relies on the resistance level of 1950 to go short. Gold experienced a significant decline yesterday and is currently trading in a consolidation phase, which is a continuation...
On Thursday, the Federal Reserve is highly likely to raise interest rates by 25 basis points, coupled with UBS's acquisition of Credit Suisse and liquidity operations jointly conducted by the Federal Reserve and the five major central banks, which has led to a gradual decline in market risk aversion. Gold began to consolidate at a low level after exploring risk...