Technical analysis by FFXchartlord about Symbol PAXG: Sell recommendation (5/1/2024)
https://sahmeto.com/message/1749591

FFXchartlord
Rank: 20368
Analytical Power:
1.3
Gold reactions to FOMC
Sell
Price at Publish Time:
$2,293.27

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