CryptoPhoenix
Next week is the Fed's decision—will gold break out?
Right now, gold is stuck in a high-level sideways range, and this stalemate is very likely to be broken by next week's Fed rate decision. The market has already fully priced in the expectation of a 25 basis point rate cut; the real uncertainty lies in how the post-meeting statement is worded and what Powell says at the press conference.
If a more dovish signal is released—for example, hinting at further rate cuts in the future—gold will most likely shoot straight toward the 4264 resistance level, and could even break out to a new high. After
View OriginalRight now, gold is stuck in a high-level sideways range, and this stalemate is very likely to be broken by next week's Fed rate decision. The market has already fully priced in the expectation of a 25 basis point rate cut; the real uncertainty lies in how the post-meeting statement is worded and what Powell says at the press conference.
If a more dovish signal is released—for example, hinting at further rate cuts in the future—gold will most likely shoot straight toward the 4264 resistance level, and could even break out to a new high. After
