The subsequent direction of gold price

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Gold reached 2009 amid the conflict in Gaza and then began a weak correction, unable to break through the key point of 2010. Investors await Powell's remarks today. The market expects the Federal Reserve will not make a decision to raise interest rates, trying to maintain a balance between curbing inflation and adapting to the impact of rising interest rates on the economy. But the remarks made at this meeting will affect the subsequent direction of the currency. This is also what investors care about.

Gold’s 21 SMA and 50 SMA remain bullish. As long as gold does not fall below the 1963 support level, it will rise more than it falls.

Support level focuses on 1951-1963
Resistance level focuses on 2007-2010

註釋

Wait for the meeting to end

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