Gold price waiting for federal reserve decision

The Federal Reserve is expected to leave interest rates unchanged later today but may warn that, data-dependent, interest rates may rise further in July as part of the central bank’s ongoing struggle with inflation. Recent inflation data, both consumer and factory, edged lower last month but still remains far too high for Fed chair Jerome Powell.

Trade Strategy:
Sell at spot 1960 to 1956 level
SL-1970
Tp-1949
Tp-1932

Trade closed: target reached