Gold- Before the FED
Since Monday, Gold is trading in an extremely tight range, with the price moving 100 pips (ignoring the spikes)
Traders are waiting for FED and a break in either way could lead to an acceleration
My bias is still bearish and confirmation comes once the price drops below confluence support at 1720 and such a break would expose the recent low.
On the other hand, a break above 1740 would expose 1765
Traders are waiting for FED and a break in either way could lead to an acceleration
My bias is still bearish and confirmation comes once the price drops below confluence support at 1720 and such a break would expose the recent low.
On the other hand, a break above 1740 would expose 1765
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.