Gold (XAUUSD) is expected to be greatly impacted by The Fed's Interest Rate decision on Wednesday. With recent and predominant rumors of cuts, expecting Gold to enter the 1355-1360 Area is very likely, which could be followed by great short entries at past key area which has been valid for the last year and a half. Also considering a great Daily Wick which shows heavy rejection of the area hereinafter mentioned. Great entries opportunities at 1355-1360, to ultimately test bullish trend line, as a target.
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.