The gold market is on edge as we await the Federal Reserve’s latest policy decision. This could push gold up slightly. Investors are closely monitoring the Fed’s moves, as any decision can significantly impact the price of gold. With so much uncertainty in the air, it’s crucial to approach the situation with caution. How do you predict gold prices today and how the Fed’s actions could influence them?
After analyzing the current market trends, I believe Fed’s bearish outlook could impact the gold price, bringing its price change to the .618 Fibonacci level with the expected gold price at $1959. As a gold trader, it is important to remain cautious and monitor further developments that may affect the market.