Aphelious

Gold price analysis comes from Aphe

Aphelious Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I come from the moon

🌛The current price of gold is trading around $1,975, and there is a sense of anticipation in the air as we approach the Federal Reserve's policy meeting on Wednesday.

🌛People are becoming cautious and this has caused gold to stabilize. Some experts believe that Fed Chairman Jerome Powell may stick to the same narrative that the Fed's interest rate decisions will depend on economic data.

🌛This uncertainty has led to a slight dip in gold prices as investors await the outcome of the meeting.

🌛However, it is important to note the key support levels at 1947-1948 and the significant resistance levels at 1986-1990-2000.

🌛These levels will play a crucial role in determining the future direction of gold prices. It is an exciting time for gold traders as they analyze the market and prepare for potential shifts in price based on the Fed's policy decisions.

🌛The outcome of this meeting could have a significant impact on the gold market and traders are eagerly awaiting any updates or hints from Powell regarding future interest rate changes. The market sentiment is cautious but optimistic, with traders ready to react swiftly to any new information that may affect gold prices. As we approach the Fed's policy meeting, all eyes are on Jerome Powell and his remarks, as they will undoubtedly shape the direction of the gold market in the coming days.
Comment:
Did you just buy it in time at the 1974-1976 price?
Trade active:
Set up long-term buying plan in 1964-1966

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.