GOLD → Consolidation ahead of Fed rate meeting...

19 Mar

XAUUSD goes into consolidation 3038 - 3024 before the news - Fed rate meeting. The situation is generally predictable, but gold is reacting to rising geopolitical risks.

Gold is stabilizing before the Fed decision , markets are waiting for the data. The regulator is expected to keep rates, but Powell's forecasts will determine further dynamics.
“Hawkish” tone of the Fed may lead to the strengthening of the dollar and gold correction.
“Dovish” signals about economic risks will support the growth of metal prices.
Geopolitical tensions and Trump's tariffs continue to have an impact.The market is preparing for high volatility on the background of the Fed's decision and events in the world

Resistance levels: 2038, 2045
Support levels: 3024, 3015, 3004.9

Several scenarios can be considered for trading:
Breakdown of resistance 3038 - 3045, consolidation of the price above the level with subsequent growth to 3050 - 3060.
Or wait for the reaction to the news and with a possible breakdown of support to look for strong levels to trade a false breakdown, for example 3024, 3015, 3005.

Regards R. Linda!

19 Mar

İşlem aktif

A rebound from the nearest support and subsequent breakout of the local consolidation 3038 is formed
If the bulls hold the price above 2038 - 2045, gold may continue to grow