⚡️Market news The price of gold initially experienced a significant increase in trading before Wednesday's Fed meeting, rising from the day's opening level of around $1,931.00 to reach a peak of $1,947.00 just below the important level of $1,950.00. XAU/USD dropped to $1,940.00 after the Federal Reserve (Fed) decided to keep interest rates steady at 5.5% for the time being. The Federal Open Market Committee (FOMC) has released its inflation expectations for the future and noted that inflation is slightly higher than previously forecasted. Gold prices remained in decline for a third consecutive day around $1,925 during Asian trading on Thursday. As predicted, the Federal Reserve maintained its current policy rate at 5.5% during Wednesday's meeting.
⚡️Optimus's point of view The downward pressure on gold is at the 1928 zone and gold is waiting for a move from unemployment news to break the 1930 zone again. Gold was greatly influenced by the Fed's interest rate announcement yesterday. Many traders may have made themselves a lot of profits or got stuck. Remember to update OP's latest strategy so you don't miss the best trading strategy. Main support zone: 1915 main resistance zone 1934, 1947
⚡️Plan trading BUY GOLD 1915 SL 1910 SELL GOLD 1935 SL 1940 Profits are your choice
⚡️Note Full SL settings for trading signals Divide the trading volume to enter around the price range If you feel the profit is enough, you can close 1/2 and move Sl to entry
Trade closed: target reached
Gold prices (XAU/USD) recovered recent losses after falling to a weekly low of $1,913 during early Asian trading on Friday. At the time of writing, XAU/USD was up 0.08% on the day at $1,921.62 +100 pips strategy, congratulations to everyone following OP's strategy. New signals will be continuously updated on the article. Please pay attention to the group's latest posts.
Comment
If my analysis is correct, gold will touch the 1935 zone in today's trading session. Latest signal will be updated
Comment
More than two and a half hours of PMI news being published. Entry sell 1935 is still used for trading
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