ArmanShabanTrading | Gold Awaits Fed: 25bps, 50bps, or Nothing? Big Move Ahead!

[Arman Shaban]

By analyzing the gold chart on the 1-hour timeframe, we can see that yesterday the price resumed its rally as expected, reaching $3,703 and printing another new ATH. After that, it corrected down to $3,678, where strong demand stepped in, pushing the price back up to $3,695.5. Currently, gold is trading around $3,685.

With the Fed interest rate decision coming soon, I expect heavy volatility in both directions as liquidity gets swept before the next clear trend forms. Markets are already pricing in a 25 bps rate cut, so if that happens, the reaction may be limited. But if the cut is larger (50 bps), we could see a strong pump in gold. On the other hand, if no cut is announced, a sharp dump is likely.

Be careful with your trades and stay tuned for more updates!

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Best Regards , Arman Shaban

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