XAUUSD amid FOMC speech realizes accumulated flag potential and strengthens, aiming for flat resistance, where it is at the moment
Published today:
- 12:30 GMT Core Durable Goods Orders (downgrade)
- 12:30 GMT GDP (QoQ) (improving)
- 12:30 GMT Initial Jobless Claims (?)
- 14:00 GMT Pending Home Sales (improving)
Overall there may be positive news for the USD, but it depends more on GDP & IJC. The reports of these releases will show the current situation on inflation.
Gold may decline with positive reports in the US market, but since the metal is in an uptrend and in a bullish set-up phase, I think that after retesting the flat resistance, the price may test one of the nearest supports before rising further. The SMA is again forming a cross.
Support levels: 1972.2, 1959.8
Resistance levels: 1983.7
I expect a storm in the market when the news is released. Report data may show a medium-term outlook. Gold chart so far gives hints of medium-term growth.
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.