GOLD


  • Gold is in a downward trend. FOMC meeting eyes hawkish rate, putting pressure on Gold aftermath. If the Fed has hawkish rate, expect the XAU/USD to hit $1,951.24 (strong support). Further below that area will signal a more bearish trend, potentially targets $1,925-$1,928.

    SHORT-TERM: $1,925.67
    MEDIUM-TERM: $1,900.54
Chart PatternsgoldtradingstrategyTrend Analysisxauusdshort

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