Gold after FOMC
AS EXPECTED , in previous post on gold the price was looking weak and after FOMC we have seen a decent correction in alignment with that view , on daily time frame price breakdown two supports I.e., 2620 and 2600, as you can see on the chart the price is now bouncing from lower TF oversold areas but still looking weak, next support as per weekly pivot is at 2568 and then 2530-35 area, As I am waiting from last week for this area for potential bottom in December so that I can plan a swing buy trade from this area.As per current PA ,last day candle is good bearish candle so there is no confirmation of any buy opportunity right now so it's better to wait for more confirmation from lower levels before entering in swing buy.
Trade ativo
Still looking weak before PCE and GDP DataNota
Still looking weak before Core PCE data , expecting a freefall if breakdown 2588
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✅For Live Update on Gold Price and trade opportunities ; Join Free community
t.me/livepriceactiontrading
t.me/livepriceactiontrading
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.