The subsequent direction of gold price
Updated
Gold reached 2009 amid the conflict in Gaza and then began a weak correction, unable to break through the key point of 2010. Investors await Powell's remarks today. The market expects the Federal Reserve will not make a decision to raise interest rates, trying to maintain a balance between curbing inflation and adapting to the impact of rising interest rates on the economy. But the remarks made at this meeting will affect the subsequent direction of the currency. This is also what investors care about.
Gold’s 21 SMA and 50 SMA remain bullish. As long as gold does not fall below the 1963 support level, it will rise more than it falls.
Support level focuses on 1951-1963
Resistance level focuses on 2007-2010
Note
Wait for the meeting to endTrade active
Trade active
Trade active
Trade active
Note
Focus turns to Friday's U.S.ADP data. Target 2007Note
1977-1990
More Free Signals: t.me/+teRkBBHY6b5lMjg9
More Free Signals: t.me/+teRkBBHY6b5lMjg9
More Free Signals: t.me/+teRkBBHY6b5lMjg9
More Free Signals: t.me/+teRkBBHY6b5lMjg9
More Free Signals: t.me/+teRkBBHY6b5lMjg9
Related publications
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.