Supports retesting and fluctuations before FED news
Continuing to consolidate after breaking the resistance level of the triangle. The retest of the support level has formed, but the market reaction is still weak. The market is anticipating news to come in on Wednesday.
Market volatility has decreased as traders await upcoming news. The situation in the Middle East has not improved, leading to increased interest in gold. However, traders are being cautious in their trading activities due to the news and reports. There is a possibility that prices will test the $1987 level due to the tense situation. I want to emphasize that any market reaction can lead to price increases. The market seems to be supporting an upward trend, so the levels of $2020 and $2025 are highly regarded. But before the news, volatility will decrease. What are your thoughts? Do you agree with me.
Market volatility has decreased as traders await upcoming news. The situation in the Middle East has not improved, leading to increased interest in gold. However, traders are being cautious in their trading activities due to the news and reports. There is a possibility that prices will test the $1987 level due to the tense situation. I want to emphasize that any market reaction can lead to price increases. The market seems to be supporting an upward trend, so the levels of $2020 and $2025 are highly regarded. But before the news, volatility will decrease. What are your thoughts? Do you agree with me.
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