XAUUSD : Gold slightly corrected ahead of the FOMC meeting
Gold prices adjusted slightly downward as the USD appreciated thanks to a change in market expectations about the Fed's interest rates.
During the March 19 session, gold prices fell to $2,150 as the US dollar continued to increase in price ahead of the Fed's FOMC meeting. The precious metal's nearest support is at the December 4 peak around $2,145. If this threshold is broken, XAU/USD could fall to the next support zone at $2,097.
Today, all attention will be on the Fed's FOMC meeting at 1 p.m.
During the March 19 session, gold prices fell to $2,150 as the US dollar continued to increase in price ahead of the Fed's FOMC meeting. The precious metal's nearest support is at the December 4 peak around $2,145. If this threshold is broken, XAU/USD could fall to the next support zone at $2,097.
Today, all attention will be on the Fed's FOMC meeting at 1 p.m.
Trade active
Buy 2158 - 2160 TP 2165
TP2 2170
SL 2150
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.
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.