GOLD - is in the downtrend area
Investors expect Mr. Powell to give some information about the monetary policy path of the US Central Bank.
Analysts say that only if there is some clue that the Fed will cut rates, gold can break out of current levels and break out.
Analysts say that only if there is some clue that the Fed will cut rates, gold can break out of current levels and break out.
Note
XAUUSD hovered around $1,900 an ounce during the Asian session on WednesdayNote
Showing signs of recovery after four consecutive weeks of losses.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.