Today's Expected Range: The price is anticipated to fluctuate between the support at 2378 and the resistance at 2412
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Gold Gains on Growing Rate-Cut Hopes Ahead of Fed Meeting
Gold futures rose 0.3% to $2,388.60 per ounce as anticipation of a U.S. interest-rate cut grows before the Federal Reserve's meeting this week. While a rate hold is expected, any hints of future cuts will be closely watched. Other precious metals also gained, with silver up 0.3% to $28.11 and platinum up 0.7% to $950.70 per ounce. In contrast, copper prices weakened, down 0.2% to $9,073 per metric ton amid concerns over Chinese demand.
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#GOLD Update
Hit Target +95 pip✅
so now should close at least 1h candle under 2386.5 to be a bearish trend till 2377
If you want you can close another part of your trade and for the rest you stop should above 2397