FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
After the death cross was confirmed earlier this week, to test critical support near $ 1,805 with a 200-day moving average (DMA) and 50 DMA match, it lasted below the January 19 low of $ 1,810. A break is needed. This level also brings a wedge support line.
The US Federal Reserve (Fed) matched extensive marketplace forecasts even as maintaining the benchmark hobby costs and tapering goals intact. However, the exciting element from the Monetary Policy Statement was, “The Committee expects it's going to quickly be suitable to elevate the goal variety for the federal budget rate.
The US Treasury yield plummeted 1.85% over a 10-year period and was offered slightly after recording the largest daily rise in three weeks. However, US and European stock futures have fallen by more than 1.0% during the day at a press conference. Gold prices can quickly continue to fall as technical failures add to the root cause. However, today's US fourth-quarter GDP and December durable goods orders are important for the short-term direction.
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.