Gold is currently under bearish pressure as markets await the highly anticipated FOMC meeting, scheduled to begin in less than an hour. Investors are closely watching the Fed's interest rate decision and the release of the meeting minutes, which could trigger sharp volatility across the forex and commodities markets.
Technical Outlook:
From a technical perspective, the price action suggests a potential continuation of the bearish trend. If the FOMC event leads to a stronger U.S. dollar or a hawkish tone from the Fed, gold prices may decline further.
Resistance Zone; 3315 / 3330
Support Levels: 3282 / 3260
You May find more details in the Chart.
Trade wisely Best Of Luck Buddies.
Ps: Support with like and comments for better insights Thanks for understand.
Technical Outlook:
From a technical perspective, the price action suggests a potential continuation of the bearish trend. If the FOMC event leads to a stronger U.S. dollar or a hawkish tone from the Fed, gold prices may decline further.
Resistance Zone; 3315 / 3330
Support Levels: 3282 / 3260
You May find more details in the Chart.
Trade wisely Best Of Luck Buddies.
Ps: Support with like and comments for better insights Thanks for understand.
Trade closed: target reached
Almost Target done
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Related publications
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.