OANDA:XAUUSD   Gold Spot / U.S. Dollar
Today we will look at the 4H chart which shows the support and resistance areas as well as the Fibonacci which has been drawn from the low to the high. We have added the trend line which also lines up with the Fib retracement level and shows that there is potential for the price to visit the lower levels.

We have also attached the Fractal chart that we published a few months ago which we have been using as a guide.

Today is FOMC so please trade carefully.

GreenGateFX

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.