XAUUSD
Updated
The expected pattern of double top did not formed successfully.
The price is likely to rise testing 1359 - 1366 resistance zone.
One reason for the surging is that the market expects the FOMC deploys a rate cut in the coming meeting.
Once the rumour confirmed accurate, Gold price may see a pullback and then keeps climbing up.
I see the price before the Meeting would not break above previous high which is 1359.
The price is likely to rise testing 1359 - 1366 resistance zone.
One reason for the surging is that the market expects the FOMC deploys a rate cut in the coming meeting.
Once the rumour confirmed accurate, Gold price may see a pullback and then keeps climbing up.
I see the price before the Meeting would not break above previous high which is 1359.
Note
Daily chart now sees a Stochastic divergenceH4 sees a bearish divergence of MACD.
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