As long as gold is above $1830/1825, We shouldn't sell gold.
As long as gold is above $1830/1825, We don't need to sell gold.
We won't even enter in buy mode as well unless it breaks above the $1850. Breaking above the $1850 will open the door for $1860, 1865, 1872, 1882 and finally 1892.
At $1892, we have Fibo 50% retracement zone. So, there may we see some correction to the downside.
Read my gold's weekly analysis for better understanding ..
Before FOMC i don't think gold will break above $1840 or drop below $1825.
We may see a range-bound till FOMC. When it is hard to identify the fundamental trend, its better to follow the price zone in H1 or H4 chart. That produce pips at least without any panic.
We won't even enter in buy mode as well unless it breaks above the $1850. Breaking above the $1850 will open the door for $1860, 1865, 1872, 1882 and finally 1892.
At $1892, we have Fibo 50% retracement zone. So, there may we see some correction to the downside.
Read my gold's weekly analysis for better understanding ..
Before FOMC i don't think gold will break above $1840 or drop below $1825.
We may see a range-bound till FOMC. When it is hard to identify the fundamental trend, its better to follow the price zone in H1 or H4 chart. That produce pips at least without any panic.
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