Federal Reserve’s emergency interest rate cut on Tuesday, looks like an acceptance as it was likely to reduce risks in the financial system and, as Fed Chair Jerome Powell claimed, provide a “meaningful boost” to the economy; but this looks evident enough to push gold in ‘Golden Saucer’ before weekly closing this time.
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Gold Looks To Enter ‘Golden Saucer’
Disclaimer: This analysis is purely based on the technical observations. I do not have any position in Natural Gas. One can create position in Natural Gas at his/her own risk.