The Fed's hawkish stance on interest rates trajectory exerts pressure on the prices of the yellow metal.
As expected, the Federal Reserve opted to maintain the current benchmark policy rates at 5.5% during the meeting held on Wednesday.
Moreover, it is anticipated that the central bank will pursue an additional rate hike in 2023, in line with the Federal Open Market Committee's (FOMC) projection of slightly higher inflation compared to its previous forecasts.
Hence, Federal Reserve officials unexpectedly revised their projected interest rates for 2024, increasing them from 4.6% to 5.1%. This adjustment played a significant role in supporting the US Dollar (USD).
Set up gold price
Buy limit 1916
Target 1950
👉 wish trader to manage your account well
👉 Take small lots with money management
👉Take small stoploss and big take profit according to your capital
👉 The winner is who have patients
As expected, the Federal Reserve opted to maintain the current benchmark policy rates at 5.5% during the meeting held on Wednesday.
Moreover, it is anticipated that the central bank will pursue an additional rate hike in 2023, in line with the Federal Open Market Committee's (FOMC) projection of slightly higher inflation compared to its previous forecasts.
Hence, Federal Reserve officials unexpectedly revised their projected interest rates for 2024, increasing them from 4.6% to 5.1%. This adjustment played a significant role in supporting the US Dollar (USD).
Set up gold price
Buy limit 1916
Target 1950
👉 wish trader to manage your account well
👉 Take small lots with money management
👉Take small stoploss and big take profit according to your capital
👉 The winner is who have patients
Komentarz:
Gold fall as we mention
Komentarz:
Perfect analysis
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Buy limit active
Komentarz:
Running 15 pips
Komentarz:
Keep hold
Komentarz:
Always perfect analysis
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50 pips running keep hold
Komentarz:
Keep hold
Komentarz:
80 pips done ✅
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Keep hold
Komentarz:
Market is slow now
Komentarz:
Market hit 1916 to 1928
120 pips hit
120 pips hit
Komentarz:
Keep hold