Hello traders, Gold is currently at a very interesting level.
Strong moves could happen after the FOMC event which is coming
up in a few hours.
📌You can notice a price channel in the daily chart and price
is currently at the top of the channel.
📌You can also see the formation of a bearish daily candle in the
100-day exponential moving average level, which is crucial.
📌If the FOMC statement is hawkish, it will lead to USD strength,
thereby a sharp decline in Gold price would take place.
My recommendation is not to rush with your trades. Instead, it would
be better to wait and observe.
Strong moves could happen after the FOMC event which is coming
up in a few hours.
📌You can notice a price channel in the daily chart and price
is currently at the top of the channel.
📌You can also see the formation of a bearish daily candle in the
100-day exponential moving average level, which is crucial.
📌If the FOMC statement is hawkish, it will lead to USD strength,
thereby a sharp decline in Gold price would take place.
My recommendation is not to rush with your trades. Instead, it would
be better to wait and observe.
Nota
Price back above 1930. All eyes on FOMC nowNota
1950 is a major level, a breakout above will lead to strong bullish moves. If the resistance holds, you can expect a fall to 1920 or belowNota
As expected, we witnessed a heavy fall after FOMC. Congrats to all those who made moneyNota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.