Since the last FOMC meeting, Gold
XAUUSD
is in 53$ long range. Currently trading between the technical blue resistance and support lines. As long as the Fed keeps the tone of cutting the interest rate, it is quite obvious for gold to spike up. But, from the technical point of view, the price needs correction to start the long run.
My buy orders will be in the green area.
XAUUSD
is in 53$ long range. Currently trading between the technical blue resistance and support lines. As long as the Fed keeps the tone of cutting the interest rate, it is quite obvious for gold to spike up. But, from the technical point of view, the price needs correction to start the long run. My buy orders will be in the green area.