The 1790-95 zone acts as a serious support for price. It has been tested multiple times and every time price bounces of. A crucial moment is approaching. Tomorrow we have FED Interest rate decision and that's definitely going to affect price on gold.
If we see market below the support at 1795 then we will be looking for a move down at least to 1775.
It's very likely that we could see a strong impulse on the breakout. Normally this could be done by placing a pending orders.
You can find out more about the pending orders from todays educational post on that right here:
In tomorrow's analysis we will see what are the next support levels that we should be aware of!
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28.08.2021 Strong fluctuation on gold today! Be ready!