Federal Reserve Signals Rate Cut for 2020
The highly anticipated Federal Reserve meeting resulted in forward guidance for a rate cut, however, not as the markets were expecting.
Fundamental
Gold Under Pressure Ahead of Fed Meeting
Gold has had rallies capped by upside resistance at $1350 over the past 24 hours but at the same time is holding the downside. Today’s Fed meeting will be an important one and the yellow metals should take its direction from it.
Gold Price Daily Forecast – 100 Hour MA is in Play
The price of gold trickled lower in early European trading on Monday. A support confluence is currently being tested and stands to trigger a bounce.
Gold CoT Data – Net Long at 14-Month High
Quick Stats on Gold Positioning The net long position among speculators rose 28.1K contracts to…
Gold Weekly Price Forecast – Is Gold Breaking Out?
Gold traded at a 14-month high in the past week and threatened a breakout that could have had significant long term bullish implications. However, the yellow metal retreated in the late week to give back the entire weeks gain.