What's Next for Gold?

31 באוק׳ 2019

The shiny gold metal broke 4h support at 1498.05 last night begging the question on what's to come next. With yesterday's FOMC meeting and Powell speech cutting interest rates activated a swing/reversal pattern in Gold. XAUUSD found lows around 1482 before pivoting upward with relentless pull. Looking for gold to test monthly highs. keeping a close eye on the 1518 range.