Gold (GC1!) bearish sentiment on the back of the Fed Statement

16 ביוני 2021

I see price strong resistance and within a triangle pattern in a 1H chart and a bear trend in a daily chart with stochastics and oscillators indicate. The Fibonacci retracement lines suggest the next level is around 1,822 - 1,825 per troy ounce. Let's wait for the Fed Statement today for the price action.