Key Scenario: The Fed’s Decision Will Determine Gold’s Fate The crux of the matter regarding the decision does not lie in whether or not interest rates will be raised, but rather in the updated economic forecast dot plot and the Fed Chair’s remarks on the future interest rate path during the press conference. A: Dovish reassurance (e.g., implying that current inflation is under control and the tightening cycle is nearing its end) Market Outlook: This would immediately trigger a “gold bull run” as bearish expectations are realized. Technical Development: 4-hour bulls will ignore resistance from moving averages above, breaking through the middle Bollinger Band at $4,436.41 with a large bullish candle, rapidly recouping lost ground in a short time, and making a frantic push toward the 4-hour
Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
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