Gold Momentum Could Shift to Upside if Fed Delivers Only as Expe
A trade through $1878.40 will confirm the shift in momentum. This could trigger the start of a minimum 2 day counter-trend rally. Taking out $1849.70 will negate the chart pattern and signal a resumption of the downtrend.
The minor trend is also down. A trade through $1921.30 will change the minor trend to up. This will confirm the shift in momentum.
The nearest resistance is a pair of retracement levels at $1897.70 and $1908.10.
The minor trend is also down. A trade through $1921.30 will change the minor trend to up. This will confirm the shift in momentum.
The nearest resistance is a pair of retracement levels at $1897.70 and $1908.10.