Gold,1h

Our hourly chart, displays Gold about to hit it's restince level, dealing around 1930.380 US Dollars, during the current trading session, before a possible huge Pullback into it's support line around 1916.659 US Dollars.

Gold hit one-week highs on Monday ahead of U.S. Federal Reserve's policy decision this week, where it is overwhelmingly expected to keep interest rates steady, but investors will be watching the central bank's language on future rates.

Spot gold
GOLD
gained 0.2% to $1,926.71 per ounce by 1027 GMT. U.S. gold futures
GOLD
were up 0.1% to $1,948.20.

Investors over the week would be looking at policy decisions by the Fed on Wednesday, the Bank of England on Thursday and the Bank of Japan due on Friday

The Candle confirmation after the resistance line is always important.


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