Gold is finding it's Daily Cycle Low..... which is in lock step with the date of FOMC meeting in the US tonight. The question is.... is the low now already in? Or will the Fed bring more pain tomorrow. I don't see any chance of US hiking at this meeting.... but its all about what Powell alludes to in his presser that follows the rate announcement (30mins later).... if he signals some further tightening is required this year (eg; rate hikes) then the USD will take off and gold will spike lower [along with the AUD] but I think gold will recover prior to the close of the US session..... if he goes dovish (the other way) then gold will fly.... if you're a very early riser set your alarm for 4AM (AEST) and keep an eye on the gold price..... either way, there should be some fireworks!
Gold is finding it's Daily Cycle Low..... which is in lock step...
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Last
$2.11 |
Change
0.010(0.48%) |
Mkt cap ! $2.411B | |||
| Open | High | Low | Value | Volume |
| $2.11 | $2.13 | $2.09 | $6.278M | 2.970M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 104793 | $2.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.12 | 31652 | 2 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$2.11 |
Change
0.010 ( 0.06 %) |
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| Open | High | Low | Volume | ||
| $2.10 | $2.13 | $2.09 | 586798 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| RMS (ASX) Chart |