💡 XAUUSD: Increased sharply after FOMC
Updated
Gold price increased sharply in the past session, breaking the accumulation zone and confirming the triangle pattern and the continuation of the uptrend. Despite not being able to create an ATH in the previous session, the bulls did it this morning, the price briefly broke the 2200 level and then encountered selling pressure again. However, it is likely that the price will still go up as the buyers are still showing complete control, trend followers can look for buying opportunities. The next target for the bulls will be 2050. These price zones are unexplored price zones, so you need to pay attention to round number milestones as important resistance zones.
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