2024-11-09 08:08

In der IndustrieGold Price Rebound Emerges Ahead of the 50-Day SMA
Nevertheless, bullion may attempt to retrace the decline following the US election as the Federal Reserve delivers a dovish rate-cut in November, and it seems as though the Federal Open Market Committee (FOMC) will further unwind its restrictive policy as the central bank moves ‘toward a more neutral stance over time.’ In turn, the Fed may continue to prepare for US households and businesses for lower interest rates as Chairman Jerome Powell insists that ‘in the near term the election will have no effects on our policy decisions,’ and gold may continue to serve as an alternative to fiat-currencies amid the threat of a policy error. With that said, the price of gold may continue to reflect a bullish trend as it appears to be bouncing ahead of the 50-Day SMA ($2644), but bullion may no longer tracks the positive slope in the moving average if it fails to retain the advance from the monthly low ($2644).
Gefällt 0
Ich möchte auch kommentieren

Einreichen

0Kommentare

Es gibt noch keinen Kommentar. Mach den ersten

FX1793146900
Händler
Aktueller Inhalt

In der Industrie

Event-A comment a day,Keep rewards worthy up to$27

In der Industrie

Nigeria Event Giveaway-Win₦5000 Mobilephone Credit

In der Industrie

Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit

In der Industrie

South Africa Event-Come&Win 240ZAR Phone Credit

In der Industrie

Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit

In der Industrie

[Nigeria Event]Discuss&win 2500 Naira Phone Credit

Kategorie

Plattform

Ausstellung

IB

Rekrutierung

EA

In der Industrie

Markt

Index

Gold Price Rebound Emerges Ahead of the 50-Day SMA
| 2024-11-09 08:08
Nevertheless, bullion may attempt to retrace the decline following the US election as the Federal Reserve delivers a dovish rate-cut in November, and it seems as though the Federal Open Market Committee (FOMC) will further unwind its restrictive policy as the central bank moves ‘toward a more neutral stance over time.’ In turn, the Fed may continue to prepare for US households and businesses for lower interest rates as Chairman Jerome Powell insists that ‘in the near term the election will have no effects on our policy decisions,’ and gold may continue to serve as an alternative to fiat-currencies amid the threat of a policy error. With that said, the price of gold may continue to reflect a bullish trend as it appears to be bouncing ahead of the 50-Day SMA ($2644), but bullion may no longer tracks the positive slope in the moving average if it fails to retain the advance from the monthly low ($2644).
Gefällt 0
Ich möchte auch kommentieren

Einreichen

0Kommentare

Es gibt noch keinen Kommentar. Mach den ersten