"FED Chairman Powell" speech DATE: 23-08-2024

Jai Shri Ram! http://www.fxlive.in/ Today is another risky day for traders not because of weekly close, because today is "FED chairman Powell" speech about economy. now question is how much rate cut can happen next month ((0.50 or 0.25)) if Powell hint rate cut around 0.50 then we will see major rise in XAUUSD up to $2530 to $2550 but if Powell hint 0.25 then no major rise can happen because every one expected this thing, after that we will see one sharp fall up to $2470 & $2450 Regards The Market thinker MCX Commodity + NSE Equity and Forex Market