Gold price is the recent recovery gains at $1650 on the US Federal Reserve day. XAUUSD bulls could target $1660 - $1670 on Fed’s dovish rate hike. On a hawkish surprise, xauusd price could result its broader downtrend, the demand area seen at $1637 - $1642. After the break $1620 and October low at $1617 could be threatened. Yellow metal price to remain firmer but the smaller moves are likely to be seen ahead of the FOMC tonight. We are looking to buy gold with a target of $1660.
Trade closed: target reached
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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.