Jochem_v90

XAU / USD is it gonna stay in the bullish wedge or not?

Jochem_v90 Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold price made a deep downfall is it due the decision off the FED cutting down the rate from 2,25 % to 2%?

The wedge needs to hold or we can see prices go lower then $1400 again.
Comment:
Lower trend line has been touched again. Price is nicely shot off, on to the top line.

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.