Gold price extends its losing streak for the sixth consecutive trading day on Wednesday. The precious metal has been battered by the upbeat US Dollar, which has strengthened as traders are pricing out another Fed larger-than-usual interest rate cut of 50 bps in their next meeting in November.
Gold price extends losing spell amid upbeat US Dollar ahead of FOMC Minutes
Gold now sell 2621
Support 2600
Resistance 2640
FOMC Target
Gold price extends losing spell amid upbeat US Dollar ahead of FOMC Minutes
Gold now sell 2621
Support 2600
Resistance 2640
FOMC Target
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.