Gold (XAUUSD)Short
GOLD (XAUUSD): Ahead of CPI, FOMC & FED Rate Decision,Your Plan
Traders, please keep in mind that we have important economic events such as the US CPI & FOMC, as well as the FED Interest Rate decision later today. Here is my analysis for GOLD before the news.
The pair recently broke through a key daily support level, leading to a new lower low and a correctional move. On the 4H chart, a bearish flag pattern is evident. A break below the flag's support would indicate a strong bearish trend and trigger a sell-off.
It's important to note that the previously broken support level now acts as a strong resistance level.
On the other hand, a bullish breakout above the highlighted supply zone with a 4H candle closing above it would signal a strong bullish move.
The pair recently broke through a key daily support level, leading to a new lower low and a correctional move. On the 4H chart, a bearish flag pattern is evident. A break below the flag's support would indicate a strong bearish trend and trigger a sell-off.
It's important to note that the previously broken support level now acts as a strong resistance level.
On the other hand, a bullish breakout above the highlighted supply zone with a 4H candle closing above it would signal a strong bullish move.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.