XAUUSD PRICE ANTICIPATION BEFORE FED MEETING - ANALYSIS🔔
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Gold markets have rallied a bit during the trading session heading towards the Federal Reserve meeting, but we have not broken out yet. The reason behind that is reality is that the US dollar is starting to put up a bit of a fight against many assets around the world, if that is going to be the case it is hard to imagine the gold will not get a bit of a pullback as well. Any pullback at this point in time would have to see a breaking of the 50 day EMA at the very least, if not the $1900 level. If we can break down below the $1900 level, then it is likely that the market goes looking towards the $1800 level which I think is even more bullish.
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Gold markets have rallied a bit during the trading session heading towards the Federal Reserve meeting, but we have not broken out yet. The reason behind that is reality is that the US dollar is starting to put up a bit of a fight against many assets around the world, if that is going to be the case it is hard to imagine the gold will not get a bit of a pullback as well. Any pullback at this point in time would have to see a breaking of the 50 day EMA at the very least, if not the $1900 level. If we can break down below the $1900 level, then it is likely that the market goes looking towards the $1800 level which I think is even more bullish.
