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Gold Technical Analysis - Bulls and Bears are watching this key support level

The Fed hiked interest rates by 25 bps as expected and left everything unchanged. Fed Chair Powell didn’t hint to anything and reaffirmed their data dependency keeping all the options on the table. The US data since the FOMC meeting has been mixed but the labour market indicators continue to point to a very strong jobs market. In fact, the recent beat in the US ADP report on Wednesday was one of the catalysts that pushed long term Treasury yields and the US Dollar higher, ultimately weighing on... Read More

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Content Topics

Gold

Technical

Analysis

Bulls

Bears

Watching

This

Support

Forex

Posted: Aug 4 2023, 06:16

Author Name: forexlive

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