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TPwithUS Gold analysis and signal on April 30th 2024
Buy Gold (XAUUSD) at the 2305 level today
Now We give you a Gold Spot / U.S. Dollar (OANDA: XAUUSD) signal:
Today you could buy gold on the 2305 level with SL below the lowest price of the previous week and TP1 at the 2330 resistance level.
Be careful we are in the 4th wave of the 3rd wave and should be below 2280 and above 2340.
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Gold Price, Eyes on Fed Meeting
Gold prices hovered around $2,330 per ounce, awaiting the Federal Reserve’s decision and non-farm payrolls data. Investors looked for clues on the Fed’s monetary stance, as mixed US economic data suggested a less resilient economy. The Fed is expected to keep rates steady at 5.25%-5.5%, with only one rate cut forecasted this year. Gold remains supported by strong Chinese demand and Middle East geopolitical risks.
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