⭐️GOLDEN INFORMATION: Meanwhile, yields on US Treasury bonds are increasing on the shorter end of the yield curve, indicating that investors are still doubtful about the possibility of the Federal Reserve reducing interest rates during either the March or May meetings. The most recent minutes from the Federal Open Market Committee (FOMC) emphasized that the US central bank is strongly committed to addressing inflation, despite the fact that there are more potential risks to the economy. Policymakers stressed that they would make decisions regarding monetary policy based on data analysis.
The FOMC Minutes revealed that Fed officials are still cautious about cutting rates prematurely. They stated that it would not be appropriate to lower interest rates until they have "greater confidence" that core inflation will consistently reach 2%. While policymakers acknowledged that the risks associated with achieving their mandates are becoming more balanced, they remain highly focused on inflationary risks, despite the downward economic risks.
⭐️Personal comments NOVA: At the end of the week, Gold price supports a sideways trend and accumulates for the next week
⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Comment
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+ 60 pips, for entry SELL SCALPING 2027
Trade active
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Gold price falls, breaks out of $2020 support zone, sets up Scalping BUY 2015-2017
Hello everyone, what do you think about today's Gold price?
Amer_Haroon
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@Nova-Scalper Your analysis is simply awesome. I think this is end of the trading week. Volume in the market is pretty low at the moment that's why market is so slow.