of low volatility.
This can be seen on M15 where the flat BB line with narrow band spacing reflects the gold price space within the $2425 floor and $2434 ceiling.
The absence of a gap at market opening may also be due to the absence of a trigger for an increase in gold prices on Saturday and Sunday.
However, expectations of the Fed cutting interest rates may provide positive sentiment for gold. However, it seems that investors are divided in the conclusion that the Fed will reduce interest rates by 50 basis points and some conclude that the reduction will only be 25 basis points.
Data from the FedWatch tool probability interest rates will fall by 25 basis points to 85.1%, interest rates will fall by 50 basis points to 7.6% and interest rates will remain unchanged at 7.3%.
Today there is no high-impact news on the economic calendar schedule, normal price movements are predicted based on technical analysis.
View attachment 7266
This can be seen on M15 where the flat BB line with narrow band spacing reflects the gold price space within the $2425 floor and $2434 ceiling.
The absence of a gap at market opening may also be due to the absence of a trigger for an increase in gold prices on Saturday and Sunday.
However, expectations of the Fed cutting interest rates may provide positive sentiment for gold. However, it seems that investors are divided in the conclusion that the Fed will reduce interest rates by 50 basis points and some conclude that the reduction will only be 25 basis points.
Data from the FedWatch tool probability interest rates will fall by 25 basis points to 85.1%, interest rates will fall by 50 basis points to 7.6% and interest rates will remain unchanged at 7.3%.
Today there is no high-impact news on the economic calendar schedule, normal price movements are predicted based on technical analysis.
View attachment 7266
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