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Saibi_FX
Jun 12, 2023 4:23 AM

Gold Forecast Pre-FOMC Short

Description

Gold is trading at critical support 1960 and will drop to 1941 in short term. FOMC minutes eyed. Overall gold has been stuck in rectangular channel of 1940-1980. Investors are worried. NFP was positive while unemployment rate is higher that's why no clear decision yet. Wednesday is important for clear direction ⬇️⬆️ so be ready it will be giving a proper direction to gold.
In this chart, we may expect a short term selling till 1941.
Best wishes
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