XAUUSD: Analysis and operation today

On Tuesday (September 19), the Federal Reserve officially began a two-day policymaking meeting, the Federal Reserve's latest economic forecasts and Chairman Powell's speech on the future outlook hints received wide attention from investors. Four hours of technical analysis, although the continuous rise of the price is stable above the two moving averages, but from another perspective, the rapid rise of the emergency fall, there is no only rising market, there is no only falling trend, although the bulls are strong, but the moving average still maintains the trend of the dead fork, and the continuous rising trend has the demand for adjustment on the technical side. In addition, the price is close to the key 1938 pressure level, although the current price is temporarily running near the support band around the previous 1930, there is almost no rebound strength, and the short-term trend is less and less weak.

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