Gold pared some of its gains ahead of the US
FOMC meeting
Read Till End
According to the CME Fed watch tool, the
probability of a no-rate cut in June increased
to 88.40% from 83.50% a week ago
Economic data for the day
Apr 30th, 2024, Chicago PMI (1:45 pm GMT)
JS CB consumer confidence (2 pm GMT)
S&P/CS Composite-20 HPI y/y (1 pm GMT)
Technical:
The near-term support is around $2310, a break
pelow targets of $2300. The yellow metal faces
minor resistance around $2350 and a breach
above will take it to the next level of $2360.
signal
Buy $2310 with SL around $2290 for TP of $2360.
Sell $2360 with SL around $2380 for TP of $2280.