XAUUSD 4H - Levels before FOMC!

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Gold opened with positive momentum during the Asian session. We would suggest you monitor any trades you have open for the rest of the day as the market will be waiting for the FOMC minutes later today. Ideally, if you're not in any trades then stay out of the market until after the FOMC meeting, once the market has settled you'll get better, clearer opportunities. We're expecting there to be volatility during and after the release, especially during the press conference.

We're not in any trades apart from the longs we're holding from below.

Support:
1730
1720 - Below this negative
1714
1707

Resistance:
1734
1739
1747
1765

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