Gold continues to fluctuate, how will the Federal Reserve's interest rate decision go?
After yesterday's decline, gold continued to fluctuate and will face the Federal Reserve's interest rate decision in the latter half of the night today. Therefore, it is highly likely that gold will continue to fluctuate before the Federal Reserve's interest rate decision, and then wait for the decision to rise or fall.
The 1-hour moving average of gold is still in a bearish position, and the rebound of gold is still focused on the resistance near the previous high point of 2665. We will continue to see the volatility and decline. The early rebound of gold near 2660 can continue to be bearish, and we will pay attention to the 2632 line support below. Gold is oscillating within this range, and we will choose the direction after the Federal Reserve's interest rate decision.
The market is constantly changing, with the Federal Reserve's interest rate decision approaching, and gold is about to experience a volatile market. It's the tranquility before the storm again. I'll wait and see at 3am tonight.
The current market is still volatile, so you can sell high and buy low during the day. After the Federal Reserve's interest rate decision, you can follow suit and move in the right direction.
Operation strategy for morning trading in Asia:
Short selling gold 2660, stop loss 2670, target 2640-2635;
Disclaimer: The above is purely a personal opinion sharing and does not constitute operational advice. Investment carries risks, and profits and losses are borne by oneself.
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