Selling gold on the board in exchange for US dollars. The central bank is prepared to lower interest rates this year if economic data supports it. He stated that the Fed requires greater confidence in inflation before cutting interest rates.
The CME Fed watch tool shows a 95% chance of no rate cuts in March, down from 96% the previous week.
Technically, the yellow metal meets moderate resistance around $2165, with near-term support at $2140.
Signal
Buy $2150 with a stop loss of about $2100 and a target price of $2165.
Sell $2165 with a stop loss of about $2180 and a target price of $2150.