• Forex
  • Investments
  • Loyalty program
  • Promotions and contests
  • Analysis
  • Getting started
  • About us

Gold trends sideways

Gold on Tuesday has been consolidating around $1,765/oz and could now move into the range of $1,750-1,775. The precious metal will have limited opportunities until the fundamental backdrop smooths out and the market gets an update from the Fed. The best option is for gold to trade sideways within a broad range.

A strong dollar, which enjoys demand both as a haven asset and as the market darling ahead of the Fed meeting, is preventing gold prices from recovering from last week's rout. It will take some time for the market to shake off the stress from September 16.

Gold will need at least another day to move in a new range ahead of news from the Fed. Wednesday night will see heightened market volatility and it makes sense for players to steer clear of gold for the time being.

Latest reviews

Everyone has the chance to make a profit

You don't need to trade on your own to make a profit. Make a profit by entrusting your funds to experienced traders!


There's a better website for you

A new exciting website with services that better suit your location has recently launched!

Sign up here to collect your 30% Welcome Bonus.