Gold is waiting for something to break out ?

Hello everyone, What are your thoughts on the price of gold?

Currently, today's gold price continues to show strength with gold trading around the $1933 mark. It is evident that this metal is still demonstrating its power as there have been significant increases in price since it touched the $1900 mark.

However, today's gold has not yet been able to make a major breakthrough due to the market seemingly being cautious and waiting for news from the Federal Open Market Committee (FOMC), the policy-setting body of the Federal Reserve. The FOMC meeting will be held on Wednesday. At that time, a clearer view of where gold is heading will be apparent.

Today we have some important milestones:

XAUUSD Sell zone 1937 - 1939
XAUUSD Buy zone 1922 - 1924

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good luck

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After analyzing the 4-hour chart, Brian has noticed that gold is showing signs of forming a new peak at a high price of $1933

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At the time of the survey, DXY measured greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down 0.07%; at 105.12.

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Gold price is increasing

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According to experts, in the long term gold still has many prospects for price increases.

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if the Fed fails to convince markets about one more rate hike by year-end, a fresh upswing will be seen toward the September high of $1,953

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Gold prices are moving sideways after the Fed's decision