GOLD (May 25) FOMC meeting minutes show Fed divided

The gold market remained stable with June future prices on Comex increasing to $1,965, despite a 0.48% decrease in the day after the FOMC meeting minutes were released. This indicates a split among central bank officials about whether to increase interest rates or not.

In May, Fed increased interest rates for the 10th consecutive time, bringing the federal funds rate to 5-5.25%, the highest since mid-2007. The next monetary policy meeting is scheduled for June 13-14. Powell noted that future interest rate decisions will be based on upcoming data and credit conditions.

The markets predict a 73% chance of a pause in interest rates and 27% chance of a 25 basis point increase in the June meeting, according to CME FedWatchTool.

If gold breaks support, we should see fresh price light around 193x today.


⭐️Make a trading plan:
✅Buy order in the $1,934-$1,937 price zone when the support zone is approached.
✖️Stoploss: $1,930.

✅Sell ​​the $1,968-$1,971 range when the price hits the resistance area.
✖️Stoploss: $1,976.

AND ALWAYS REMEMBER WHAT YOU NEED TO DO IS MANAGE RISK. GOOD LUCK !!!