Gold Spot / U.S. DollarUpdated Wich side will gold breakout?
Last week gold formed a posible Symmetrical Triangle or descending triangle. Keeps respecting the resistance trendline and support trendline/zone. We can expect a breakout from both sides. But need to be aware off potential fakeouts. Wait for confirmation break on either sides and enter the trade.
Upcoming week we have Fed Interest Rate deciscion on 20th March.
Resistance: 2163, 2176
Support: 2150, 2140, 2132
Upcoming week we have Fed Interest Rate deciscion on 20th March.
Resistance: 2163, 2176
Support: 2150, 2140, 2132
Note
Good breakdown for gold. Priceaction entree is key
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Related publications
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.