Saibi_FX

Gold Forecast Pre-FOMC

Short
Gold is trading at critical support 1960 and will drop to 1941 in short term. FOMC minutes eyed. Overall gold has been stuck in rectangular channel of 1940-1980. Investors are worried. NFP was positive while unemployment rate is higher that's why no clear decision yet. Wednesday is important for clear direction ⬇️⬆️ so be ready it will be giving a proper direction to gold.
In this chart, we may expect a short term selling till 1941.
Best wishes

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