Is the strength of the bulls in control over the price
⚡️Market news
The price of gold has dropped from its two-week high of $1,937 and touched around $1,928 at the beginning of Wednesday as buyers eagerly await the Federal Reserve's decision on interest rates to continue the recent upward trend.
⚡️Optimus's point of view
Hello dear friends, let's continue exploring the market together!
Currently, the gold market is maintaining a strong price increase and reaching $1,930-1,931. It can be seen that there hasn't been much volatility in gold compared to yesterday's trading session, but this precious metal still demonstrates strength in terms of price increases since it dropped to $1,900.
In the short term, there is a high possibility that gold prices will continue to rise as the Fed will not increase interest rates. In that case, this precious metal may return to $1,950 per ounce.
⚡️Plan trading
XAUUSD Sell gold 1934 - 1936
SL 1939
TP 1925
XAUUSD Buy gold 1923 - 1925
SL 1920
TP 1935
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
The price of gold has dropped from its two-week high of $1,937 and touched around $1,928 at the beginning of Wednesday as buyers eagerly await the Federal Reserve's decision on interest rates to continue the recent upward trend.
⚡️Optimus's point of view
Hello dear friends, let's continue exploring the market together!
Currently, the gold market is maintaining a strong price increase and reaching $1,930-1,931. It can be seen that there hasn't been much volatility in gold compared to yesterday's trading session, but this precious metal still demonstrates strength in terms of price increases since it dropped to $1,900.
In the short term, there is a high possibility that gold prices will continue to rise as the Fed will not increase interest rates. In that case, this precious metal may return to $1,950 per ounce.
⚡️Plan trading
XAUUSD Sell gold 1934 - 1936
SL 1939
TP 1925
XAUUSD Buy gold 1923 - 1925
SL 1920
TP 1935
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
Comment:
Gold broke out of the resistance zone and increased continuously by 15 points before the FOMC news
