Gold:- 2 way possible scenario.
Gold is currently ping pong between a narrow range of falling n supporting trendline.
Our finding is gold getting support above $1900-1884, which are good to open buy order, while below $1930-34,we finds good position to short, if above goes, $1940-44-1959 are the tgt.
Fed funds rate decision coming this week, n I'm not surprise if fed raise rates.
So overall scenario is:-
Gold upside - 1930-1940-1955
Gold downside - 1900-1885-1865..
Our finding is gold getting support above $1900-1884, which are good to open buy order, while below $1930-34,we finds good position to short, if above goes, $1940-44-1959 are the tgt.
Fed funds rate decision coming this week, n I'm not surprise if fed raise rates.
So overall scenario is:-
Gold upside - 1930-1940-1955
Gold downside - 1900-1885-1865..
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