Scenarios Before the Rate decision on Gold
A- Before the rate decision given gold will probably hit around the level by point A on chart.
B- We can see a delay on rate change or a little increase by Fed with a comment explaining further increases will be at really really slow pace and not continuous
C- We can see a direct rate change by FED, that only means we will see the gold at its near term lowest at first. then maybe even lower with future low demand rumour realizing from india this summer.
B- We can see a delay on rate change or a little increase by Fed with a comment explaining further increases will be at really really slow pace and not continuous
C- We can see a direct rate change by FED, that only means we will see the gold at its near term lowest at first. then maybe even lower with future low demand rumour realizing from india this summer.