EUR/USD 1.16523
-0.156%
Gold 4207.50
0.106%
Oil 59.382
0.820%
USD/JPY 154.990
-0.149%
GBP/USD 1.33414
-0.082%
GBP/JPY 206.781
-0.219%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hang Seng Index futures closed down 0.2% at 25,900 points in overnight trading, a discount of 36 points.On December 5th, according to AXIOS, the U.S. Government Accountability Office (GAO) confirmed on Thursday that it has launched an investigation into Bill Pulte, the head of the Federal Housing Finance Agency (FHFA), who has drawn criticism for his attacks on Trumps opponents. A GAO spokesperson stated, "I can confirm that the GAO has accepted the request for investigation according to standard procedures. It may take several months to determine the full scope of the investigation and the planned completion timeline." Pulte was also reportedly involved in a grand jury investigation this year related to multiple mortgage fraud investigations. As head of the FHFA, Pulte used his position to accuse Trump administration rivals of mortgage fraud. Pulte has been a critic of the Federal Reserve, frequently calling for Jerome Powells resignation and accusing Federal Reserve Governor Lisa Cook of mortgage fraud. He has also filed similar allegations against New York Attorney General James and California Democratic Senator Schiff.The Federal Reserve accepted a total of $2.233 billion from 39 counterparties in its fixed-rate reverse repurchase operations.Meta Platforms (META.O): We are launching a brand new, centralized platform on Facebook and Instagram that brings together support tools and options in one place.The U.S. Geological Survey reported a false alarm regarding a 5.9 magnitude earthquake near Reno and Carson City, Nevada.

Gold Price Prediction: The XAU/USD pair could have a brief comeback ahead of FOMC changes

Alina Haynes

Sep 16, 2022 14:51

166.png 

 

"The story of substantial Fed rate rise expectations in the coming months may continue to play out this Friday, while gold traders may profit from excessive selling and position re-adjustments ahead of next week's FOMC decision,"

 

"Gold closed below the rising trendline support, then at $1,693, confirming an inverted cup-and-handle configuration." Bears might target the $1,650 psychological level following a breach below the previous day's low of $1,660 should selling pressure pick up again.

 

"On the other hand, the recovery will require acceptance above the 2022 low of $1,681, over which $1,691 will be tested. The level of $1,700 will be the next obstacle to the upside on the road to recovery."

Suggestion