GOLD - Correction, The FED Meeting Ahead
Mis à jour
Gold prices were flat on Wednesday as investors weighed the chances of an outsized interest rate cut by the Federal Reserve later in the day.
Generally, the direction is uptrend
Uptrend Side: The price has established resistance at 2586. It has currently reversed from this level and must break through it to reach a new high of 2600, with the potential for more bullish volume at 2625.
correction, and may they fall until the support of 2553 and under it 2531.
Downtrend Side: From yesterday, the gold price continued at the bearish trend as a correction toward 2553, If the price continues, the downtrend below 2553 will touch the 2531.
Tendency Keys: 2586
Generally, the direction is uptrend
Uptrend Side: The price has established resistance at 2586. It has currently reversed from this level and must break through it to reach a new high of 2600, with the potential for more bullish volume at 2625.
correction, and may they fall until the support of 2553 and under it 2531.
Downtrend Side: From yesterday, the gold price continued at the bearish trend as a correction toward 2553, If the price continues, the downtrend below 2553 will touch the 2531.
Tendency Keys: 2586
Transaction en cours
The price rose and is currently trying to cross the red downtrend barrier, but if it cannot cross this barrier, it will fall again.Transaction en cours
Gold prices eased after hitting an all-time high Wednesday following the U.S. Federal Reserve’s interest rate cut of a half percentage point.
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with best learning
Be Stronger With us
THANKS for your support
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