And the price of 2120 determines the market boundary.
Today-tomorrow there will be quite strong news, all focus on Fed Chair Powell. Discussions on interest rates, inflation, and other factors are likely. Given the overall situation in the US, there is a chance that the dollar will receive more support, potentially impacting gold negatively.
Gold might make another move upwards based on the news and touch the resistance zone before starting a downward movement.
Recommended Positions:
Sell: 2142 - 2148 No need for a stop-loss Short-term Target: 2121 - 2090 Long-term Target: 2060 - 2033
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