TheForexFamily

XAUUSD : Today gold will recover slightly

FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Yesterday gold completely broke through the parallel price increase channel and the SPDR fund yesterday had no move to trade gold. Today we will have news from the FED due to Mr. Powell's speech. This is a very important speech. greatly affects gold. On the D1 chart, the stochastic is falling sharply and the histogram has a decreasing trend, so today our SELL zone is in the 1975-1978 zone and the BUY zone is in the 1960-1962 zone.
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.