11.8 Gold Federal Reserve's interest rate decision?
Gold's 1-hour moving average is still diverging downward in the short position. There is no sign of turning at present, so it is not possible to directly say that gold is about to reverse. The resistance of gold's 1-hour moving average has now moved down to around 2698. Gold can continue to be short near 2698 in the US market. If it breaks through 2700 strongly after the data, then the gold market may reverse.
Gold is now waiting for the arrival of the Fed's interest rate decision. There are not many surprises now, so gold is waiting. So should gold consider going long? This may also be a concern now. If gold does not fall sharply after the data, then it can be considered to go long tomorrow, and the market is likely to reverse. Let's talk about it after the data.
US market operation ideas:
Gold 2699 short, stop loss 2708, target 2680-2670;
Gold is now waiting for the arrival of the Fed's interest rate decision. There are not many surprises now, so gold is waiting. So should gold consider going long? This may also be a concern now. If gold does not fall sharply after the data, then it can be considered to go long tomorrow, and the market is likely to reverse. Let's talk about it after the data.
US market operation ideas:
Gold 2699 short, stop loss 2708, target 2680-2670;
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