GOLD-Fed interest rate decision

The hot spot in the market today is the Federal Reserve's interest rate decision. Although the market is generally expected to keep interest rates unchanged on Wednesday, the market is waiting for comments from Federal Reserve Chairman Powell after the meeting to understand the Federal Reserve's latest interest rate expectations. The probability of the Fed keeping interest rates unchanged in the range of 5.25%-5.50% in March is 100%, the probability of keeping interest rates unchanged in May is 93.7%, and the probability of keeping interest rates unchanged in June is 40.9%. It is expected to cut interest rates by 25 basis points. The probability is 55.6%, and the probability of a 50 basis point interest rate cut is expected to be 3.6%

Gold once again tested the support of 2145 yesterday and did not break the level. Therefore, it failed to get out of the room for a sharp decline. Before major data, I think the market fluctuations will not be too big. The focus is whether it can get out of the 2145-2165 range after the US market.

Under the current trend, I have given the above resistance on the chart for your reference. You can choose to sell at the resistance.

Before the Federal Reserve interest rate decision is announced, try not to leave any orders. After the news is announced, determine the trend or direction before making effective transactions.

Follow my strategies and your success rate will greatly increase

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Follow my strategy and you will make a profit by selling at the resistance point

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If you sell at the second resistance, you are now profitable