VasilyTrader

GOLD (XAUUSD): Important Key Levels to Watch Ahead of FED 🥇

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Here is my latest structure analysis for Gold ahead of FOMC.

Structure Resistances

Horizontal Supply Zone 1: Contracting area based on a falling trend line
and a horizontal resistance.

Horizontal Resistance 1: 1946 - 1952 area
Horizontal Resistance 2: 1965 - 1972 area

Structure Supports

Horizontal Support 1: 1901 - 1908 area
Horizontal Support 2: 1884 - 1889 area

Consider these structure for pullback/breakout trading.

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