Gold ahead of FOMC
Hello all,
Here we have an analysis of Gold on the 4H timeframe.
As we can see, price broke below the upward trendline and is retesting the previous support level of $2640-2630.
I believe that FOMC will drive price further down to retest the $2550-2540 levels for support before rallying back to the upside.
Here we have an analysis of Gold on the 4H timeframe.
As we can see, price broke below the upward trendline and is retesting the previous support level of $2640-2630.
I believe that FOMC will drive price further down to retest the $2550-2540 levels for support before rallying back to the upside.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.