Now gold made new zone of support

1 באוג׳

With yesterday FED meeting , again Mr. Powell kept the market in confusion, he has not confirm that the rate cut will be there in September or not, however he made a comment that all the things are fine and we are expecting postive signs for a rate cut, all depends on now NFP and upcoming CPI numbers if both come less will then gold will fly to 2500+ level however till then I am expecting side market in gold and will see a range bound between 2400-2450 , right now the best is to buy at low and sell at high.