Gold is going through serious breakout pressure from its range 1800-1812 and key level of 1800. FOMC Meeting is scheduled for tomorrow, and as several analysts are predicting, no serious change is expected in the interest rate.
A pitchfork analysis gives key U and L levels that are key support and resistance levels. We have seen 1807 acting as key resistance level so far this week and if broken next important resistance is 1812. For the downtrend, breaking and sustaining through 1790 is important for further downward dig in prices.
Just wait and see if you are not having any open positions so far.
A pitchfork analysis gives key U and L levels that are key support and resistance levels. We have seen 1807 acting as key resistance level so far this week and if broken next important resistance is 1812. For the downtrend, breaking and sustaining through 1790 is important for further downward dig in prices.
Just wait and see if you are not having any open positions so far.