The precious metal went up to $1,124 gaining a good amount of $19. Currently, Gold is trading at $1,120 while short-term and medium-term sentiments remain bearish. However, with maybe the most important FOMC meeting for the year scheduled for today, things may change in a second.
Chart: H4 XAUUSD
A lot of volatility during FOMC event.
ReplyDeleteGold retreats, waiting for the Fed decision.
ReplyDeleteThanks for such an informative analysis.
ReplyDeleteGood point!
ReplyDeleteThe results of the FOMC meeting gave it the necessary push to rise even higher.
ReplyDeleteVery good and informative
ReplyDeleteInteresting post.
ReplyDelete