Gold break post Fed
Looking for a breach of the big $1,760 resistance to clear out a move to the top of the Bollinger Band around $1795/1800. Bullish MACD crossover in oversold territory signals momentum with bulls on this but resistance is strong at $1.760. Fundamentals encouraging as the Fed lent on the short-end of the curve by saying it won't raise rates but letting longer-end yields and inflation expectations rise.
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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.