Xauusd :Gold waits again to choose the direction

As widely expected in the market, the Fed kept interest rates in the range of 5.25% to 5.5%.The Fed also said that U.S. economic activity grew strongly in the third quarter.In previous speeches, the Fed pointed out that the economy is growing at a steady rate.However, Fed Chairman Powell did not rule out the possibility of raising interest rates next month at a press conference after the decision. This is another uncertain message provided by the market in the future.At the same time, due to the small possibility of a ceasefire in the Palestinian-Israeli conflict, and concerns about Iran's intervention in the Middle East conflict are still high, gold rebounded after falling yesterday.

Pay attention to today: the number of people receiving unemployment benefits in the United States, and the monthly rate of factory orders in the United States in September.

Gold did not fall below the important support point of 1968 yesterday, and it is still on the upward trend for the time being. Today, I think gold is still in a volatile market, waiting for Friday's unemployment rate and non-farm payrolls data before choosing the direction again.

We need to pay attention to the upper resistance point range:
2002-2010
1987-1992
Pay attention to the range of support points below:
1970-1975
1962-1968

So today you can sell in the resistance range above, or buy in the support range, and set your position based on your funds.This way your success rate can be greatly increased

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