XAUUSD - CB short trading news, uptrend
Gold futures for August delivery on the Comex New York floor fell $ 4.4, futures fell 0.22% to $ 1,962.2 an ounce.
Gold eased slightly under pressure as a single US metropolis continued to recover after hitting a 15-month low last week. The focus of the market is on the key central bank decision this midweek.
The US data point for the week is the Federal Reserve's Open Market Committee (FOMC) meeting that begins on Tuesday and ends on Wednesday. Most market watchers believe the Fed will raise the main US interest rate, paying the Fed rate, by 0.25%.
As usual, markets will be scrutinizing the FOMC statement and Fed Chair Powell's remarks at his press conference for clues about the trajectory of the Fed's monetary policy in the coming months.
Gold eased slightly under pressure as a single US metropolis continued to recover after hitting a 15-month low last week. The focus of the market is on the key central bank decision this midweek.
The US data point for the week is the Federal Reserve's Open Market Committee (FOMC) meeting that begins on Tuesday and ends on Wednesday. Most market watchers believe the Fed will raise the main US interest rate, paying the Fed rate, by 0.25%.
As usual, markets will be scrutinizing the FOMC statement and Fed Chair Powell's remarks at his press conference for clues about the trajectory of the Fed's monetary policy in the coming months.
✅ TP1: 1953
✅ TP2: 1960
✅ TP3: 1968
🛑 SL: 1927