As we know during the last few days and after the unexpected bankruptcy of Silicon Valley Bank which shocked the market, triggered panic, further aggravated risk aversion, it led to a frenzied rise in gold, which once broke through the 1900 mark after it started to built a bear trend once it touch 1960 mark at 2Feb23 one day after the decision of FOMC to raise the target range for the federal funds rate to 4.5 to 4.75%
without going into details, The bank failures are an unintended consequence of the Fed's fight against inflation, so we expect the funds rate will be decline or stabilize at least in the next FOMC meeting which is scheduled for March 21-22, and it will open the way for the gold short term raise, however we expect a long term raise also, and will share an idea proving that.
Our expeted Target untill the end of APR23 will be 2114.45.
if there is any changes we will definitely let you know.
Remember to follow me. Avoid missing the direction of making money. Friends who read the article remember to light up the little rocket for me. thank you for your support.
without going into details, The bank failures are an unintended consequence of the Fed's fight against inflation, so we expect the funds rate will be decline or stabilize at least in the next FOMC meeting which is scheduled for March 21-22, and it will open the way for the gold short term raise, however we expect a long term raise also, and will share an idea proving that.
Our expeted Target untill the end of APR23 will be 2114.45.
if there is any changes we will definitely let you know.
Remember to follow me. Avoid missing the direction of making money. Friends who read the article remember to light up the little rocket for me. thank you for your support.