Next week, on Wednesday, we are expecting FED Interest Rate Decision.
Here are potential scenarios for Gold:
Bullish If the price breaks and closes above 1987 daily resistance, it will be a strong bullish signal. A bullish continuation will be expected at least to 2000 level then.
Bearish If the price breaks and closes below 1960 support, it will lead to a further bearish continuation. Next goal will be 1940
Wait for a breakout, that will be your best confirmation.
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.