Gold maintains its gains after the Fed's interest rate decision
Brian greets all smart traders!
Currently, the gold market is still trading quietly at $1928 with little change after the news that the Fed has decided to keep interest rates between 5.25% and 5.50% at the September monetary policy meeting. Gold continues to trade sideways, with predicted fluctuations in the range of resistance at $1936-$1938 and support at $1918.
Now it's your turn. What do you think the price of gold will do next?
Currently, the gold market is still trading quietly at $1928 with little change after the news that the Fed has decided to keep interest rates between 5.25% and 5.50% at the September monetary policy meeting. Gold continues to trade sideways, with predicted fluctuations in the range of resistance at $1936-$1938 and support at $1918.
Now it's your turn. What do you think the price of gold will do next?
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good luck
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The USD hangs high with the DXY index around 105 points as Fed officials still have a hawkish tone.
