Gold outlook Pre-FOMC
Updated
Awaiting May's Fed meeting. We don't expect a change in policy, however, risk in Gold market due to Fed hinting June adjustment. We remain bullish and hunting to add long positions.
Daily support remains at 1259s (or DMA200 1254). Bulls need to break DMA20 for further bullish PA.
GL all, trade safe.
Daily support remains at 1259s (or DMA200 1254). Bulls need to break DMA20 for further bullish PA.
GL all, trade safe.
Trade active
opened long position at 1245s. Average buying strategy (keep that in mind).1233s (618%) second addition pending. GL!
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