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Gold Spot / U.S. Dollar
Long

Fed ignites gold rally

By Anthony-Ryan
Updated
snapshot

The U.S. Federal Open Market Committee (FOMC) will release the minutes of its September monetary policy meeting. Analysts pointed out that the wording of the Federal Reserve minutes may lead to a further correction in the US dollar, thereby promoting stronger gold prices.

technical analysis
The price of gold shows an upward trend in both highs and lows, which is consistent with the view that gold prices will continue their bullish trend. The gold price target breaks through the 20-day (SMA) to reach 1881.75.
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Note
The price of gold has just risen sharply and touched 1880. Gold price still has room to rise by nearly $35
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Already broken 1881.75
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Note
Today’s CPI data may see gold fall back
Note
There has been a pullback
Supply and DemandSupport and ResistanceTrend Analysisxauusdanalysisxauusdbuyxauusdlongxauusdupdates
Anthony-Ryan
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