We have series of higher highs and higher lows. Trendline (technicals) and fundaments support growth in Gold price.
Then question is why gold fell down after FOMC. Powell speech give clarification of interest rate almost peaked ( he hinted 5 % max , depending on circumstances). I think its correction phase. Big boys Don't let u win so easily.
Trendline support is at 1790-1792 area.
Below that strong support at 1780-1782.
These support are potential buying areas.
Upside potential is 1827-1850 Medium Term.
Good luck and DO comment on the idea and odds
Then question is why gold fell down after FOMC. Powell speech give clarification of interest rate almost peaked ( he hinted 5 % max , depending on circumstances). I think its correction phase. Big boys Don't let u win so easily.
Trendline support is at 1790-1792 area.
Below that strong support at 1780-1782.
These support are potential buying areas.
Upside potential is 1827-1850 Medium Term.
Good luck and DO comment on the idea and odds
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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.