Gold after FOMC

어제

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.

19시간 전

액티브 트레이드

Still looking weak before PCE and GDP Data