Or / Dollar AméricainMis à jour XAUUSD : A quiet week for gold before the FOMC meeting
Gold prices opened the new trading week with a slight decrease, however the decrease was insignificant, currently trading around $2,335.
Many traders choose to stay on the sidelines ahead of important events this week such as the FOMC meeting and the release of US Employment Data. As a result, gold price volatility is likely to be limited at least until Wednesday afternoon, when the Fed's decision is announced.
From a technical perspective, the rising trendline at $2,320 could help the market stabilize and support the price. However, if this key support is broken, sellers could increase the pressure and push gold prices down to $2,205. If the downward trend continues, it may pave the way for gold prices to return to $2,260, corresponding to the 38.2% Fibonacci retracement threshold of this year's price increase.
Conversely, if gold prices recover from current levels, the first resistance will likely be at $2,355 and then at $2,395, a level that corresponds to a downtrend line drawn from the historical peak. This barrier could pose a major challenge for the bulls, but if successful, gold prices could head towards $2,417 and then potentially retest the historical peak at $2,431 again.
Many traders choose to stay on the sidelines ahead of important events this week such as the FOMC meeting and the release of US Employment Data. As a result, gold price volatility is likely to be limited at least until Wednesday afternoon, when the Fed's decision is announced.
From a technical perspective, the rising trendline at $2,320 could help the market stabilize and support the price. However, if this key support is broken, sellers could increase the pressure and push gold prices down to $2,205. If the downward trend continues, it may pave the way for gold prices to return to $2,260, corresponding to the 38.2% Fibonacci retracement threshold of this year's price increase.
Conversely, if gold prices recover from current levels, the first resistance will likely be at $2,355 and then at $2,395, a level that corresponds to a downtrend line drawn from the historical peak. This barrier could pose a major challenge for the bulls, but if successful, gold prices could head towards $2,417 and then potentially retest the historical peak at $2,431 again.
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BUY 2321 - 2323TP 2330
TP2 : 2340
SL 2315
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.