Gold Continues to SIDEWAY Large Range After FOMC

4 dni temu

XAU / USD trend forecast January 30, 2025

Gold prices dipped following the Federal Reserve's (Fed) decision to maintain a hawkish stance. The Fed removed specific inflation-related language, signaling a shift toward keeping interest rates steady. XAU/USD experienced volatility, fluctuating between $2,750 and $2,740, as Fed Chair Jerome Powell addressed the media.

When asked if he had been in contact with US President Donald Trump, Powell responded that he had not spoken with him and made it clear that he would not comment on Trump’s policies or political matters.

Furthermore, Powell noted that monetary policy is now "less restrictive than before" and emphasized that the Fed is in no rush to alter interest rates. He stated that the Federal Open Market Committee (FOMC) is adopting a wait-and-see approach, closely monitoring fiscal and trade policies introduced by the new US administration.

The decision to keep interest rates unchanged, along with moves to continue reducing interest rates, will help gold prices maintain their upward trend and will move sideways in a wide price range (2735 - 2785).

/// BUY XAU : zone 2754-2751

SL: 2746

TP: 50 - 150 - 300pips (2781)


Safe and profitable trading

4 dni temu

Zlecenie aktywne

Still exactly the trend of increasing - Miss Entry Buy 2754 a bit