GOLD believe to be stay above 2036.91
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 make a living by drawing charts.
I make a living by drawing charts.
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