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Gold Slides Ahead of Fed Decision!

Started by PocketOption, Jan 31, 2023, 10:31 am

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PocketOption

Jan 31, 2023, 10:31 am
Gold Slides Ahead of Fed Decision!

Market Insights

Gold began a correction as prices slipped away from the $1950 zone yesterday.



The yellow metal started the year well as evidence has grown that monetary tightening have peaked.


Up over 20% from last year's low, is this price movement just a retracement, or are we looking at a full reversal?


Timestamps

XAUUSD 01:30

DXY 03:05


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