Gold’s Weekly Correction and Federal Reserve’s Rate Cut Plans
Gold experienced a significant downward correction from all-time highs, closing the week near the support area of the Point of Control (POC) and Fibonacci 0.50%.
The Federal Reserve has stated that even with inflation still above the 2% target, it hopes to cut interest rates three times this year. While gold reached record highs this week, the market witnessed a notable downward adjustment towards the end of the week.
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The Federal Reserve has stated that even with inflation still above the 2% target, it hopes to cut interest rates three times this year. While gold reached record highs this week, the market witnessed a notable downward adjustment towards the end of the week.
#XAUUSD #GOLD #RoBotPro® #TakeProPips # GiaiPhapGiaoDichTuDong #Trading