Gold Spot / U.S. Dollar
Long

XAUUSD: Ready to Harvest, Interest Rate Resolution Layout Buy

1 024
Focus on the interest rate decision today, there is a high probability that interest rate hikes will be suspended, which is good for gold! The U.S. market fell back and the market was mainly low, relying on 1962Buy!


From a technical point of view, gold has built a double-bottom structure on the hourly chart, and it has risen strongly to break through the pressure position of 1968, which means that the downward adjustment is over and a new rise begins! The next upward target is the previous high of 1987. After the interest rate decision, it is expected to challenge the 2000 mark or even higher!

The U.S. market is waiting for a callback Buy. Before the interest rate decision, the market is estimated to be mainly volatile or slightly sideways. Before the data, seize the fall and continue to be more decisive!

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.