Last week's meeting, FED official decide to keep interest rate constant at 5.5%. If necessary, in order to stabilize the country's employment rate and reach FED target(2% inflation rate), believe soon to be FED will be decide to cut interest rates.
Therefore, predicting money outflows from dollar trend would be continue and pushing gold price upward.
Potential support: 2000
Resistance:
-2036.91
-2075.11
Therefore, predicting money outflows from dollar trend would be continue and pushing gold price upward.
Potential support: 2000
Resistance:
-2036.91
-2075.11
I drew chart to make a living!
