FOMC critical levels: 1 Resistance Level: 1852.69 - At this level, sellers may take control and there could be increased selling pressure. It is a crucial level to watch for potential bearish movements. 2 Support Level: 1821.28 - At this level, buyers may take control and there could be increased buying pressure. It is a crucial level to watch for potential...
GOLD UPDATE: 1861.90 will be a crucial level to watch in the H4 timeframe. If the H4 candle can overcome selling pressure and push through, it may potentially impact the daily candle closure and bring an end to the sideway trend.
BUY KEY LEVELS: 1902 - 1904 SELL KEY LEVELS 1945 - 1947 I suggest monitoring the 15-minute timeframe for entry points to buy and sell
Preference Short positions below 1780.00 with targets at 1765.00 & 1757.00 in extension. Alternative scenario Above 1780.00 look for further upside with 1789.00 & 1800.00 as targets. Comment As long as 1780.00 is resistance, look for choppy price action with a bearish bias.
Short positions below 1759.00 with targets at 1746.00 & 1739.00 in extension. Alternative scenario Above 1759.00 look for further upside with 1764.00 & 1770.00 as targets. Comment As long as 1759.00 is resistance, look for choppy price action with a bearish bias.
Long positions above 1748.00 with targets at 1763.00 & 1772.00 in extension.
Short positions below 141.95 with targets at 140.80 & 140.40 in extension.