tangman

A rate cut is bullish for gold.

Long
CME:GE1!   None
I note that major events in Eurodollar futures coincide with major breakouts in Gold.

If the Fed cuts tomorrow, and they continue to express further dovishness, and the market deems it sufficiently dovish, this chart should find support at the 50ma, and by correlation could result in another big leg up in Gold.

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.