Gold Price Forecast: XAU/USD dips below $1,985 ahead of pivotal Fed decision – Confluence Detector – by anilpanchal7 Gold Confluences XAUUSD Fed RiskAversion
ood on the Federal Reserve monetary policy day announcement day. Apart from the pre-Fed caution, headlines suggesting fresh tensions between the US and China, mainly due to the looming trade and technology restrictions from Washington, also seem to exert downside pressure on the XAU/USD price.
Moving on, Gold traders should pay attention to the Federal Open Market Committee monetary policy meeting announcements for clear directions. More importantly, comments from Fed Chair As per our Technical Confluence indicator, Gold Price prods the $1,962 support comprising the 100-DMA and a convergence of the Fibonacci 61.8% on one-week and 23.6% on one-day.
However, the Fibonacci 161.8% on one-day joins the convergence of the Pivot Point one-day S1 and one-week S3 to highlight $1,944 as the additional downside filter for the Gold Price after $1,950.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold Price Forecast: XAU/USD eyes further downside as United States data fuels US DollarGold Price (XAU/USD) holds lower ground near $1,955, extending reversal from a 10-week-old horizontal resistance after a four-day downtrend amid early
Weiterlesen »
Gold Price Forecast: XAU/USD rebounds from over one-week low, climbs back above $1,960Gold Price Forecast: XAU/USD rebounds from over one-week low, climbs back above $1,960 – by hareshmenghani Gold Commodities Recession CentralBanks XAUUSD
Weiterlesen »
Gold Price Forecast: XAU/USD trades with modest gains around $1,960, FOMC eyedGold price trades with modest gains during the Asian session on Tuesday. XAU/USD currently trades around the $1,960 mark, up 0.36% on the day. Investo
Weiterlesen »
Gold Price Forecast: XAU/USD recovery needs acceptance from $1,975 and central banks – Confluence DetectorGold Price Forecast: XAU/USD recovery needs acceptance from $1,975 and central banks – Confluence Detector – by anilpanchal7 Gold XAUUSD Confluences RiskAppetite CentralBanks
Weiterlesen »
Gold Price Forecast: XAU/USD keeps bounce off $1,950 support confluence with eyes on FedGold Price (XAU/USD) steadies around $1,965 as bulls and bears jostle during the early hours of the key data comprising the Federal Open Market Commit
Weiterlesen »
Gold Price Forecast: XAU/USD holds steady above $1,960, looks to FOMC for fresh impetusGold Price Forecast: XAU/USD holds steady above $1,960, looks to FOMC for fresh impetus – by hareshmenghani Gold Commodities Fed Recession XAUUSD
Weiterlesen »