Gold Markets See Volatility During FOMC
Looking at this chart, you can see that the market will continue to be very noisy, but I think it is also going to be difficult to navigate with any type of size. The market will continue to struggle with the idea of directionality, especially as inflation has been without a doubt one of the biggest concerns. Gold typically does okay during inflation, but it also has to worry about what we are going through when it comes to the idea of the US dollar all over the place as it is.
To the downside, if we break down through the $1800 level, then the market will go much lower. At that point, we would see a lot of downward pressure, perhaps crashing the market. That being said, this market continues to be noisy and you need to be very cautious about yourGold remains very thin at times, and it can be very difficult to deal with. I think the next few days could be very difficult, so you will have to remain nimble to say the least.
The market will continue to see these sudden spurts of volatility as we are trying to figure out monetary policy going forward.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
FOMC\u2019s Hawkish Stance Hits MarketsSurprising communications on likely rate hikes and inflation over the course of 2022 produced what is seen as a more hawkish tilt to the Fed\u0027s monetary policy.
Les mer »
Gold Price Forecast: XAU/USD on the defensive below $1,850, focus remains on FOMCGold witnessed some selling on Wednesday and moved further away from the highest level since November 19, around the $1,854 region touched in the prev
Les mer »
Gold Forecast: Markets Continue to Stretch HigherGold markets initially pulled back a bit on Tuesday but found enough support underneath to continue going higher.
Les mer »
GBP/USD Forecast: Pound Gives Up Early Gains After FOMCThe British pound initially rallied on Wednesday to break above the 1.35 handle, only to give up the gains after the Federal Reserve reiterated its interest.
Les mer »
EUR/USD Forecast: Euro Breaks Down After FOMCThe euro initially tried to rally on Wednesday but gave back gains most of the day.
Les mer »
Silver Price Forecast: XAG/USD plunges more than 3%, following FOMC meeting, down around $22.60sSilver Price Forecast: XAG/USD plunges more than 3%, following FOMC meeting, down around $22.60s By christianborjon Silver XAGUSD Metals Fed Technical Analysis
Les mer »