Greetings to all intelligent and prosperous traders! Currently, by observing the 4-hour chart, it can be seen that gold is experiencing a slight decline even though the Fed may not raise interest rates in this September meeting.
The increase in the USD has had a negative impact on gold, causing it to drop to its current low level of $1935 and reaching its lowest point this week.
There is a high possibility that the Fed will still have another interest rate hike in the November meeting. At that time, the direction of gold will be more clearly determined.
And how do you feel about today's market? I would love to hear your thoughts in the comments section.
The increase in the USD has had a negative impact on gold, causing it to drop to its current low level of $1935 and reaching its lowest point this week.
There is a high possibility that the Fed will still have another interest rate hike in the November meeting. At that time, the direction of gold will be more clearly determined.
And how do you feel about today's market? I would love to hear your thoughts in the comments section.
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good luck eveyone !
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The next target for gold will be at $1915 and there is a high possibility that it may return to the $1900 mark before experiencing a new breakthrough in either direction.
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The US Federal Reserve (Fed) is unlikely to maintain its positive monetary policy stance until the end of the year.
