Gold Spot / U.S. DollarUpdated GOLD: awaiting the FOMC decision
In a few hours we will know if FOMC decides to raise interest rates by 25bp or if there will be a pause in monetary policy. Having said that, if we look at 1H chart we still have the same technical structure (see analysis below), which is still valid at the moment. With this in mind it would be great if GOLD triggered a swing as shown on chart (first bearish then bullish), I say that because I really like the Pin Bar at 1,971. What will happen on gold market? In the short term it's hard to say, but today's session will certainly be our driver for a few sessions/weeks.
PREVIOUS ANALYSIS
(Click on Chart below)
FUNDAMENTAL ANALYSIS (Long term)
(Click on Chart below)
PRE-FOMC ANALYSIS
(Click on Chart below)
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
GOLD triggered a swing as shown on chart (first bearish then bullish), I say that because I really like the Pin Bar at 1,971. What will happen on gold market? In the short term it's hard to say, but today's session will certainly be our driver for a few sessions/weeks.PREVIOUS ANALYSIS
(Click on Chart below)
FUNDAMENTAL ANALYSIS (Long term)
(Click on Chart below)
PRE-FOMC ANALYSIS
(Click on Chart below)
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
Note
Note
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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.