Gold is waiting for something to break out ?
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Hello everyone, What are your thoughts on the price of gold?
Currently, today's gold price continues to show strength with gold trading around the $1933 mark. It is evident that this metal is still demonstrating its power as there have been significant increases in price since it touched the $1900 mark.
However, today's gold has not yet been able to make a major breakthrough due to the market seemingly being cautious and waiting for news from the Federal Open Market Committee (FOMC), the policy-setting body of the Federal Reserve. The FOMC meeting will be held on Wednesday. At that time, a clearer view of where gold is heading will be apparent.
Today we have some important milestones:
XAUUSD Sell zone 1937 - 1939
XAUUSD Buy zone 1922 - 1924
Currently, today's gold price continues to show strength with gold trading around the $1933 mark. It is evident that this metal is still demonstrating its power as there have been significant increases in price since it touched the $1900 mark.
However, today's gold has not yet been able to make a major breakthrough due to the market seemingly being cautious and waiting for news from the Federal Open Market Committee (FOMC), the policy-setting body of the Federal Reserve. The FOMC meeting will be held on Wednesday. At that time, a clearer view of where gold is heading will be apparent.
Today we have some important milestones:
XAUUSD Sell zone 1937 - 1939
XAUUSD Buy zone 1922 - 1924
Note
good luckNote
After analyzing the 4-hour chart, Brian has noticed that gold is showing signs of forming a new peak at a high price of $1933Note
At the time of the survey, DXY measured greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down 0.07%; at 105.12.Note
Gold price is increasingNote
According to experts, in the long term gold still has many prospects for price increases.Note
if the Fed fails to convince markets about one more rate hike by year-end, a fresh upswing will be seen toward the September high of $1,953Note
Gold prices are moving sideways after the Fed's decision
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