Gold Analysis – 21.Feb.2024
Gold Analysis: By checking the gold chart in the 4-hour time frame, we see that the price finally reached $2032 based on yesterday’s analysis on daily time frame, and after that, the initial drop of 40 pips has been corrected to $2028! As you know, today we will have the meeting of the Federal Reserve, which can cause the market to face heavy fluctuations! If the minutes show that the Fed is more concerned about inflation and less inclined to cut rates, gold prices may fall, as it would boost the U.S. dollar and real interest rates. Today’s FOMC report is more important than ever from various points, and I will try to explain it to you fundamentally in the next post!
(This Post on TradingView)
Author : Arman Shaban
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