GOLD ANALYSIS 22/05/24
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🔴 Here are the most notable developments:
• Many statements by Federal Reserve members were issued during the week, giving the dollar support in the market in general, or at least preventing it from falling further.
• Including the statements of Federal Reserve member Loretta Mester, who said that a one-time drop in inflation will not encourage us to reduce interest rates early, but rather they need to wait longer.
• Markets move in a dull, horizontal movement in light of weak liquidity and the absence of any important economic data.
• Gold is declining, but hovering above $2,400 per ounce.
• Today, investors are awaiting the release of the existing home sales statement at 5:00 Saudi time and the Federal Reserve minutes at 9:00.
• Many statements by Federal Reserve members were issued during the week, giving the dollar support in the market in general, or at least preventing it from falling further.
• Including the statements of Federal Reserve member Loretta Mester, who said that a one-time drop in inflation will not encourage us to reduce interest rates early, but rather they need to wait longer.
• Markets move in a dull, horizontal movement in light of weak liquidity and the absence of any important economic data.
• Gold is declining, but hovering above $2,400 per ounce.
• Today, investors are awaiting the release of the existing home sales statement at 5:00 Saudi time and the Federal Reserve minutes at 9:00.
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Just to let you know guys im in Position Buy at : 2407 - 2405 -2410 and i wanna add at 2395-2397 if price reach that key level
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Closing half lots in loss
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