Data - "FED Interest Rate Decision"

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Jai Siya Ram http://www.fxlive.in/ Data - "FED Interest Rate Decision" Today is another major day for Financial Market because of "FED Interest Rate Decision" on late night. this time market expecting rate cut decision now all depend on FED's statement. if FED gives dovish statement then tomorrow we can see sharp rise in "XAUUSD-Gold" up to $3730 and $3766 but if FED's gives Hawkish statement than we can see surprise fall in "XAUUSD-Gold" up to $3638 & $3610. after rate cut decision FED release there statement and next trend will decide after FED's statement, we are expecting selling pressure on sudden jump because of over bought market and good trend-line resistance of $3720 Regards FXLive Chandan ((Tecnical Research Analyst in MCX Commodity + Cash Equity & Future/Options ))

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