XAUUSD - Gold after the FOMC?
Gold is located between EMA200 and EMA50 in the 4H timeframe. Gold reached its analysis target of the previous day. In case of upward correction due to today's economic data, we can see supply zone and sell within that zone with appropriate risk reward.
The downward correction of gold has led to the visibility of the demand zone and it is possible to look for buying positions. It should be noted that both buying and selling positions will be short-term.
The Federal Reserve reduced its interest rate by 0.25%, aligning with market expectations, bringing the total rate down from 5% to 4.75%. In the Federal Open Market Committee (FOMC) statement, a line mentioning increased confidence in inflation returning to target was removed, initially prompting markets to react hawkishly. However, Fed Chair Jerome Powell quickly downplayed this change, stating that it held no special significance.
In his remarks, Powell assessed the U.S. economic outlook as positive and indicated that the Fed would continue with its contractionary monetary policies. He noted that inflationary pressures are easing and that the inflation rate is gradually nearing the 2% target. Powell emphasized the importance of reducing the risk of an economic recession and thus stressed that the Fed’s approach would remain cautious to ensure economic growth and labor market stability, with interest rates managed in a controlled manner.
During the press conference following the Fed meeting, a reporter asked Powell if he would resign if asked by Donald Trump. Powell replied simply and firmly: “No.”
Meanwhile, according to The Wall Street Journal, sources close to Trump have stated that there is still no organized plan to end the war in Ukraine, nor is there any clear idea on how to convince Vladimir Putin and Volodymyr Zelensky to agree to negotiate. One idea under discussion involves Ukraine agreeing not to join NATO for the next 20 years. In exchange, the United States would continue providing extensive military aid to Ukraine as part of a strategy to deter Russia from further aggression.
The downward correction of gold has led to the visibility of the demand zone and it is possible to look for buying positions. It should be noted that both buying and selling positions will be short-term.
The Federal Reserve reduced its interest rate by 0.25%, aligning with market expectations, bringing the total rate down from 5% to 4.75%. In the Federal Open Market Committee (FOMC) statement, a line mentioning increased confidence in inflation returning to target was removed, initially prompting markets to react hawkishly. However, Fed Chair Jerome Powell quickly downplayed this change, stating that it held no special significance.
In his remarks, Powell assessed the U.S. economic outlook as positive and indicated that the Fed would continue with its contractionary monetary policies. He noted that inflationary pressures are easing and that the inflation rate is gradually nearing the 2% target. Powell emphasized the importance of reducing the risk of an economic recession and thus stressed that the Fed’s approach would remain cautious to ensure economic growth and labor market stability, with interest rates managed in a controlled manner.
During the press conference following the Fed meeting, a reporter asked Powell if he would resign if asked by Donald Trump. Powell replied simply and firmly: “No.”
Meanwhile, according to The Wall Street Journal, sources close to Trump have stated that there is still no organized plan to end the war in Ukraine, nor is there any clear idea on how to convince Vladimir Putin and Volodymyr Zelensky to agree to negotiate. One idea under discussion involves Ukraine agreeing not to join NATO for the next 20 years. In exchange, the United States would continue providing extensive military aid to Ukraine as part of a strategy to deter Russia from further aggression.
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