GOLD is described as a safe haven against war, inflation, and banking collapse as we can see on the daily chart. The 2 fat red candles are basically 3 interest rate decisions in two consecutive days which were all hikes. Uptrend support shows signs of resuming the previously steady uptrend. The dovish comments from Powel can be interpreted as neutral, in our case here is support for that trend.
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Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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