Gold Spot / U.S. DollarUpdated Gold has entered a range-trading
💡Fundamental Effect :
- Gold has entered a range-trading phase as it factors in the potential impacts of the Federal Reserve meeting, possible interest rate cuts, and a correction in equity markets following news about Chinese AI model DeepSeek, according to Norman.
- On Monday, a sell-off in technology stocks triggered by DeepSeek news led investors to liquidate bullion to offset losses.
- With the Fed's first policy meeting of the year concluding today, investors are closely watching for signals about the direction of interest rates and insights from Chair Jerome Powell's speech.
- Trump has urged for lower interest rates, which conflicts with the Federal Reserve’s independent authority to set interest rate policies.
- Meanwhile, Trump remains committed to imposing tariffs on Canada and Mexico, following through on his earlier promises.
- These policies are considered inflationary, which may compel the Federal Reserve to maintain higher interest rates to counter rising price pressures.
💡Summary
-Price is currently consolidating near $2757 with resistance at $2771-$2772.
-A break above $2772 could lead to further upside momentum.
-A break below the 200 EMA at $2756 might lead to a test of $2744.59,
signaling bearish continuation.
Main Analysis-
- Gold has entered a range-trading phase as it factors in the potential impacts of the Federal Reserve meeting, possible interest rate cuts, and a correction in equity markets following news about Chinese AI model DeepSeek, according to Norman.
- On Monday, a sell-off in technology stocks triggered by DeepSeek news led investors to liquidate bullion to offset losses.
- With the Fed's first policy meeting of the year concluding today, investors are closely watching for signals about the direction of interest rates and insights from Chair Jerome Powell's speech.
- Trump has urged for lower interest rates, which conflicts with the Federal Reserve’s independent authority to set interest rate policies.
- Meanwhile, Trump remains committed to imposing tariffs on Canada and Mexico, following through on his earlier promises.
- These policies are considered inflationary, which may compel the Federal Reserve to maintain higher interest rates to counter rising price pressures.
💡Summary
-Price is currently consolidating near $2757 with resistance at $2771-$2772.
-A break above $2772 could lead to further upside momentum.
-A break below the 200 EMA at $2756 might lead to a test of $2744.59,
signaling bearish continuation.
Main Analysis-
Trade active
Fed interest rate is Same As expected 4.5%
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