The Fed's hawkish stance on interest rates trajectory exerts pressure on the prices of the yellow metal.
As expected, the Federal Reserve opted to maintain the current benchmark policy rates at 5.5% during the meeting held on Wednesday.
Moreover, it is anticipated that the central bank will pursue an additional rate hike in 2023, in line with the Federal Open Market Committee's (FOMC) projection of slightly higher inflation compared to its previous forecasts.
Hence, Federal Reserve officials unexpectedly revised their projected interest rates for 2024, increasing them from 4.6% to 5.1%. This adjustment played a significant role in supporting the US Dollar (USD).
Set up gold price
Buy limit 1916
Target 1950
👉 wish trader to manage your account well
👉 Take small lots with money management
👉Take small stoploss and big take profit according to your capital
👉 The winner is who have patients
As expected, the Federal Reserve opted to maintain the current benchmark policy rates at 5.5% during the meeting held on Wednesday.
Moreover, it is anticipated that the central bank will pursue an additional rate hike in 2023, in line with the Federal Open Market Committee's (FOMC) projection of slightly higher inflation compared to its previous forecasts.
Hence, Federal Reserve officials unexpectedly revised their projected interest rates for 2024, increasing them from 4.6% to 5.1%. This adjustment played a significant role in supporting the US Dollar (USD).
Set up gold price
Buy limit 1916
Target 1950
👉 wish trader to manage your account well
👉 Take small lots with money management
👉Take small stoploss and big take profit according to your capital
👉 The winner is who have patients
Comment:
Gold fall as we mention
Comment:
Perfect analysis
Comment:
Buy limit active
Comment:
Running 15 pips
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Keep hold
Comment:
Always perfect analysis
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50 pips running keep hold
Comment:
Keep hold
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80 pips done ✅
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Keep hold
Comment:
Market is slow now
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Market hit 1916 to 1928
120 pips hit
120 pips hit
Comment:
Keep hold