📈Gold analysis, Before FOMC Meeting📉

XAUUSD
XAUUSD
Hello dear traders.

• Gold is expected to rise to around $1,993 by the time the FOMC meeting begins.
  
• After that, the xauusd process will go through two scenarios.
  
• If the price does not stabilize above 1988 ---> the bearish scenario is more likely
  
• If the fork structure breaks and gold consolidates above 1988, gold could rise to around $2,000 and then $2,016.
  
• Market expectations for interest rates have stabilized at current numbers.(5.5%)
  
• But in my opinion, the tone of the FOMC meeting could be contrary to the market's expectations, and it may not even start the interest rate reduction process next year.
  
• In this case, the bearish scenario is active and the price can even fall to the $1931 range.
  
• P.S: FOMC meeting is going to be like Negan in the picture. It hits or it doesn't!!!
  

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Comment:

After xauusd jumps above 1988 level. second scenario fulfilled. and target 2016$ reached💥✌

Comment:

XAUUSD Update!
After the price reached the red zone, the supply pressure intensified, and now, if gold cannot stabilize above the mentioned range, the downward trend will continue to the area indicated in the chart (at least until reaching the middle line of the Bollinger Band).
If gold stabilizes above the red zone, the bullish scenario will continue until gold reaches the specified level.
PS: Hidden price divergences have been identified in various indicators.

Comment:

XAUUSD touched the upper trend-line.💥✌