XAU/USD oscillates around $1960 amid mixed responses to Fed's June policy
Gold price (XAU/USD) is auctioning inside the woods around $1960.00 in early London Session. The precious metal is displaying back-and-forth action as the investing community is divided about the interest rate decision by the Federal Reserve(Fed) to be taken in June's monetary policy meeting.
Gold price is consolidating in a narrow range of $1957-1964 on hourly scale. The precious metal has turned sideways around 50% Fibonacci retracement(plotted from June 02 high at $1983.50 to June 05 low at $1938.15) at $1960.0.
Gold price (XAU/USD) is auctioning inside the woods around $1960.00 in early London Session. The precious metal is displaying back-and-forth action as the investing community is divided about the interest rate decision by the Federal Reserve(Fed) to be taken in June's monetary policy meeting.
Gold price is consolidating in a narrow range of $1957-1964 on hourly scale. The precious metal has turned sideways around 50% Fibonacci retracement(plotted from June 02 high at $1983.50 to June 05 low at $1938.15) at $1960.0.