Gold Keeps Slipping Below Support and Climbing Back Up

Gold heads into the Federal Reserve decision with the rate move already priced near 93%, leaving the dot plot to set the direction. Michael Boutros, StoneX Media Senior Market Analyst, walks through gold on the weekly, daily and four hour charts and the scenarios the Federal Reserve projections could produce. Gold has declined nearly 9.4% from its August high and has spent three consecutive weeks straddling the same yearly reference level. The dot plot and the updated Summary of Economic Projections carry the reaction, since the rate move is close to fully priced. Treasury yields, especially the front end of the curve, and the U.S. dollar are how those projections reach precious metals. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share 00:00 - Gold Pinned to a Yearly Line 01:06 - The Line That Holds the Trend 01:59 – Four-Hour Channel Caps Rallies 03:12 - Fed Day Is Not About Rates 04:05 - Dot Plot Scenarios for Gold 06:24 – Two-Year Yields Flash First Like and subscribe for more financial market insights. #Gold #FederalReserve #StoneX #MichaelBoutros --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social