Gold price update after news from the Fed, how does gold change?
Dear friends, it seems we have just experienced another eventful day in the market. Today, let's continue our exploration of the gold price with Brian!
As you may have noticed, after the Federal Reserve (Fed) announced news about interest rates yesterday, gold had a strong reaction and surged to a high of $1945. However, when the Fed decided to keep interest rates unchanged between 5.25% and 5.50%, gold quickly returned to a lower price of $1927. Currently, it is trading steadily around this level.
From a technical standpoint:
Gold is moving closely parallel to the 34 and 89 EMA lines, indicating that it is likely to move sideways today.
Looking ahead, if the Fed cuts interest rates in the future, gold will have more opportunities for a strong upward movement beyond the resistance level of $1950.
As you may have noticed, after the Federal Reserve (Fed) announced news about interest rates yesterday, gold had a strong reaction and surged to a high of $1945. However, when the Fed decided to keep interest rates unchanged between 5.25% and 5.50%, gold quickly returned to a lower price of $1927. Currently, it is trading steadily around this level.
From a technical standpoint:
Gold is moving closely parallel to the 34 and 89 EMA lines, indicating that it is likely to move sideways today.
Looking ahead, if the Fed cuts interest rates in the future, gold will have more opportunities for a strong upward movement beyond the resistance level of $1950.
Comment:
good luck
Comment:
What do you think is the gold price today?
Comment:
Gold shows signs of falling to the first support zone
Comment:
The USD hangs high with the DXY index around 105 points as Fed officials still have a hawkish tone.
Comment:
with a strong support level at $1915. Therefore, there is still a possibility of gold continuing to rise.
Comment:
Gold has hit resistance and returned to the price level of 1923 USD
