1903 XAUUSD sideways price action continues!
Hello traders,
Gold has made a new high in history.
Now it is continuing sideways price action before next move.
On weekly chart, last week small body candle just a sign for sideways price action not for weekly correction.
On daily chart, gold is now getting support from the EMAS and will possibly make a mid-term sideway price action before new move.
New Fed interest decision coming this Wednesday in New York session. It is very possible that Fed will keep the same rate now and won't start to cut rate till next half year in 2024. Gold could still possibly rising up after Fed decision as long as no sign for rising rate again.
So, this week, check for 1h or 4h chart for new buying opportunities would be good for tracing uptrend of gold.
GOOD LUCK!
LESS IS MORE!
Gold has made a new high in history.
Now it is continuing sideways price action before next move.
On weekly chart, last week small body candle just a sign for sideways price action not for weekly correction.
On daily chart, gold is now getting support from the EMAS and will possibly make a mid-term sideway price action before new move.
New Fed interest decision coming this Wednesday in New York session. It is very possible that Fed will keep the same rate now and won't start to cut rate till next half year in 2024. Gold could still possibly rising up after Fed decision as long as no sign for rising rate again.
So, this week, check for 1h or 4h chart for new buying opportunities would be good for tracing uptrend of gold.
GOOD LUCK!
LESS IS MORE!
Comment:
Comment:
Gold finished dropping after BOJ ' decision.
Now it is waiting for more info from FOMC in the coming NEW YORK SESSION.
Now it is waiting for more info from FOMC in the coming NEW YORK SESSION.
Trade closed: target reached:
Check for next support level.