Inflation cools down, Fed may raise interest rates for the last

TVC:GOLD   CFDs on Gold (US$ / OZ)
In general, inflation data in June 2023 can help the Fed "breathe a sigh of relief". However, central bank officials often focus more on core inflation, which is still well above the Fed's 2% target.

As core inflation remains more than double the Fed's 2% target, traders believe the Fed will raise rates by 25 basis points at its meeting on July 25-26, 2023. However, they think the probability of the Fed raising one more time is quite low, about 25%, down from more than 33% before.

BUY GOLD zone 1943-1940

Stop Loss : 1935

Take Profit 1: 1945
Take Profit 2: 1950
Take Profit 3: 1960

Note: Installing TP SL fully wins the market and is safe in trading


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