Gold is strongly influenced by the Fed
The precious metals market's outlook was heavily influenced by comments from the US monetary policy dialogue, as investors focused heavily on the Federal Reserve's failed decision. There are big questions about whether the monetary tightening document is imminent or whether the central bank is planning an extended ban. The general expectation is that the Fed will raise rates by 25 basis points.
Today is Global Manufacturing and Services PMI Day. Data for Australia and Japan were mixed. Investors are looking to data for the Eurozone, Germany, the UK and the US. Gold is expected to trade in a wide range ahead of the Federal Reserve's monetary policy decision on July 26. Support at $1950/$1935 with resistance at $1988/$2000
XAUUSD XAUUSD SELL 1972 - 1970💯💯
✅ TP1: 1965
✅ TP2: 1960
✅ TP3: 1955
🛑 SL: 1978
Today is Global Manufacturing and Services PMI Day. Data for Australia and Japan were mixed. Investors are looking to data for the Eurozone, Germany, the UK and the US. Gold is expected to trade in a wide range ahead of the Federal Reserve's monetary policy decision on July 26. Support at $1950/$1935 with resistance at $1988/$2000
XAUUSD XAUUSD SELL 1972 - 1970💯💯✅ TP1: 1965
✅ TP2: 1960
✅ TP3: 1955
🛑 SL: 1978
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