💡 XAUUSD: Strong increase after FOMC
Updated
Gold prices rebounded extremely strongly from the 1975 support level in the last session, creating a huge Marubozu candlestick on the daily frame and along with it, bullish engulfing patterns. The psychological barrier of 2000 has been regained and the price is now retesting the previously broken down channel. You should not consider this as a normal retest to watch for selling because the buying force is very strong and needs more time to observe.
-> You can watch and sell at the resistance zone
-> You can watch and sell at the resistance zone
Note
World gold increased "gallopingly" after the final monetary policy meeting in 2023 of the US Federal Reserve (Fed). Gold price was pushed past the threshold of 2,000 USD/ounce after the Fed decided to keep interest rates unchanged from 5.25% - 5.5% and emphasized that economic growth is slowing down and inflation is showing signs of "cooling down". ”.Note
NICE SELL At the resistance zoneNote
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