Hey, traders. Thank you for comments and boost.
Today's chart is XAUUSD(Gold). Let's check it quickly.
We can see
1. small box pattern had broken.
2. box pattern had extend.
3. support on 1725
4. resistance on 1775 and 1825
We should check
Wednesday - German Manufacturing PMI, Britain Composite PMI, Britain Manufacturing PMI, Britain Services PMI, US Building Permits, US Core Durable Goods Orders, US Initial Jobless Claims, US New Home Sales, US, Crude Oil Inventories, FOMC Meeting Minutes
Thursday - German Ifo Business Climate Index, ECB Publishes Account of Monetary Policy Meeting
Friday - German GDP (QoQ) (Q3)
We can expect
1. the price dropping shortly and jumping up by support on 1725 to 1775.
2. the price keeping upward movement to 1825 by breaking the resistance on 1775.
3. downward movement by resistance on 1775.
Today, we will see the FOMC meeting minutes and how Fed will keep their monetary policy.
This will affect the gold price so we should check this.
I'm expecting the gold will jump up soon and it will be from 1725 to 1775.
Let's see if we can have chance for long position.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
Today's chart is XAUUSD(Gold). Let's check it quickly.
We can see
1. small box pattern had broken.
2. box pattern had extend.
3. support on 1725
4. resistance on 1775 and 1825
We should check
Wednesday - German Manufacturing PMI, Britain Composite PMI, Britain Manufacturing PMI, Britain Services PMI, US Building Permits, US Core Durable Goods Orders, US Initial Jobless Claims, US New Home Sales, US, Crude Oil Inventories, FOMC Meeting Minutes
Thursday - German Ifo Business Climate Index, ECB Publishes Account of Monetary Policy Meeting
Friday - German GDP (QoQ) (Q3)
We can expect
1. the price dropping shortly and jumping up by support on 1725 to 1775.
2. the price keeping upward movement to 1825 by breaking the resistance on 1775.
3. downward movement by resistance on 1775.
Today, we will see the FOMC meeting minutes and how Fed will keep their monetary policy.
This will affect the gold price so we should check this.
I'm expecting the gold will jump up soon and it will be from 1725 to 1775.
Let's see if we can have chance for long position.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
