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Technical analysis by FFXchartlord about Symbol PAXG: Sell recommendation (5/1/2024)

https://sahmeto.com/message/1749591
FFXchartlord
FFXchartlord
Rank: 20368
1.3

Gold reactions to FOMC

Sell
Price at Publish Time:
$2,293.27
Sell،Technical،FFXchartlord

This analysis is strictly leaned on fundamental analysis I've carefully studied fed watch tool and there will be no rate cuts So since inflation is at 3%+ We are expecting no rate cuts or even worst a rate hike So we should expect 5.5 as FXbook concensus states or 5.7, 5.8 Which will be bullish for the us dollar So let's make sure to have this in mind while making trading decisions

Source Message: TradingView
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