Until then resistance could be seen at $1,109 while support lays at the psychological level of $1,100. If this level is broken a trip down to $1,075 is the next stop.
Chart: H4 XAUUSD
Tuesday, September 15, 2015
Gold Awaiting Direction
With the FOMC meeting scheduled for Thursday, Gold has not made a lot of moves. Currently the yellow metal is trading at the previous week levels around $1,105-$1,107. It is expected that it will hold to these levels until we have a conclusion from the Fed's two-day policy meeting.
Until then resistance could be seen at $1,109 while support lays at the psychological level of $1,100. If this level is broken a trip down to $1,075 is the next stop.
Chart: H4 XAUUSD
Until then resistance could be seen at $1,109 while support lays at the psychological level of $1,100. If this level is broken a trip down to $1,075 is the next stop.
Chart: H4 XAUUSD
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Gold is still in range, lack of direction.
ReplyDeleteVery useful information! Thanks.
ReplyDeleteWe'll see how the FOMC meeting will affect it.
ReplyDeleteAll eyes on FOMC now!
ReplyDeleteThank you for the interesting analysis.
ReplyDeleteVery interesting your analysis and perspective.
ReplyDeleteGold on a holding pattern waiting fo the FOMC meeting!
ReplyDeleteGreat post. Thanks.
ReplyDelete