Too Much Ado at 4125: Bullish Defense Before FOMCProbable Scenario Analysis of Gold (XAUUSD) FX:XAUUSD before a high-impact event and two medium-impact events.
⏺ Present Scenario
The bearish phase is intact. However, the market is sideways for multiple days. It is a sign of consolidation. The breakout or breakdown will be severe. There are multiple observable points that show that bulls are offering good support at the level 4125. Thus, it is wiser to stay bullish unless the price decisively breaks down below 4125. Events like FOMC and
