2023-11-09 09:24:04
Overview of past movements
Spot gold prices continued to fall to three-week lows as demand for safe haven assets to hedge once morest Middle East conflicts weakened. From no signal to intensification. In addition, many Fed officials support further interest rate increases. However, investors are waiting for the Fed Chairman’s announcement tonight.
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Economic numbers to follow
Mr. Powell will make a statement at the International Monetary Fund’s (IMF) 24th Jacques Polak Annual Research Conference on the topic “Monetary policy challenges in a global economy” or “Challenges of monetary policy in a global economy.”
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Gold price analysis
The trend of gold prices is down. The candlestick chart formed the Three Black Crows pattern or three black crows. Causing the direction to change from up to down, support level 1,944 and important support level 1,935 dollars, resistance levels 1,960 and 1,970 dollars.
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#Night #Recap #Gold #Spot
