As of today, the gold increased by 1.28% in just 24 hours trading due to bearish of the three biggest U.S market index S&P, NASDAQ, and Dow Jones. However, the market pattern of gold suggests that it will eventually fall by 0.20% today since the Fed will be taking a dovish view on the interest rates hikes. The gold fall back price might not be exceeding below $1240 based on the gold’s statistical analysis which could imply stability and assurance for investors to opt to trade for gold.