Gold Great Support from 1940 89 EMA is a long term Moving Average and we can see gold hit 3 times but can't break this level. Today FOMC meeting is coming and if they do not hike the rate dollar will drop and gold will rally So find Long Opportunity After the FOMC Aim 2000!
Hi Jack, I am from Pakistan, I need your mentorship. I want to join your signals group because I have no time to analyze charts, kindly tell me price and how to join.
gafer1987
⋅
@Abdul-Rehman if he answer u let me know ,, u can text me pro , may i can help you with his site
thejuveniletrader
⋅
Lost a lot of money with this setup. I also thought that 1940 was a great resistance coz it was tested multiple times but for some reason, it was broken today. Truly bad luck on my part
kjzsbtby
⋅
Before there was no other option to withold Purchasing power but to have gold, now a days there are lots of other options, there is just not enough buyers now a days to break a huge ceiling.
khamis12
⋅
Great set up.
Don_Corleone
⋅
I'm still short from that 1980 zone.If PA futher confirms that we are not going lower anymore,then will have to reconsider.I did not expect for the price to shoot up from 1925-1926 zone today,but what's important is how daily/weekly candle closes.Gold is still not looking very bullish IMO,despite all these spikes.We are also trading below 20 and 55 EMA on the daily,which is also not a bullish sign.Let's see how everything goes.Wish everyone the best of Luck
Cenotaph
⋅
for whatever reason, gold is getting sold instead of bought.
ehanworld
⋅
Great updates! Uptrend in the long run…
ReallyMe
⋅
I think you're on to something, Jack, as you often are
rTrader_official
⋅
If they pause the rates, it depends on how the US economy reacts to that. If investors feel untrusting towards the dollar, then it should go down. However, if their economy expands, the dollar can grow even without any hawkish rates. Otherwise, technically, we have a runaway gap at 104.096. The price will reach that gap once again