Gold Confirm Buy Target for Today
تم تحديثه
Gold price enjoyed a good two-way price movement on Wednesday, advancing toward the $2,000 mark ahead of the Fed policy announcements, as the US Dollar stalled its recovery mode amid sluggish US Treasury bond yields and a mixed market mood. However, Gold price changed course and tested the $1,970 round figure, in a knee-jerk reaction to the Fed’s policy inaction, as widely expected. The US Federal Reserve left the key policy rate unchanged in its current 5.25%-5.50% range.
It was Fed Chair Jerome Powell’s press conference and his response to the questions that smashed the US Dollar alongside the US Treasury bond yields, triggering an impressive comeback in Gold price. Although Powell did not rule out another hike, markets perceived his words as not quite as hawkish as they expected. He acknowledged tighter financial conditions, a
strong labor market, a resilient economy and an elevated inflation level.
Gold Buy : 1986
Tp 1992
Tp 1997
Tp 2005
It was Fed Chair Jerome Powell’s press conference and his response to the questions that smashed the US Dollar alongside the US Treasury bond yields, triggering an impressive comeback in Gold price. Although Powell did not rule out another hike, markets perceived his words as not quite as hawkish as they expected. He acknowledged tighter financial conditions, a
strong labor market, a resilient economy and an elevated inflation level.
Gold Buy : 1986
Tp 1992
Tp 1997
Tp 2005
ملاحظة
Gold buy 10 pips runningملاحظة
Gold buy 20 pips running
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