Let's talk about gold.
Gold is currently consolidating between 4160 and 4030, and it has been in this area for some time.
My expectation ahead of the interest rate announcement is that there will be manipulation to liquidate as many traders as possible who are in buy and sell positions, followed by a move toward at least 4250 in the coming weeks.
If it closes above that level, we'll see gold back at the 4400 levels.
$XAU
#XAU #GOLD_UPDATE
Gold is currently consolidating between 4160 and 4030, and it has been in this area for some time.
My expectation ahead of the interest rate announcement is that there will be manipulation to liquidate as many traders as possible who are in buy and sell positions, followed by a move toward at least 4250 in the coming weeks.
If it closes above that level, we'll see gold back at the 4400 levels.
$XAU
#XAU #GOLD_UPDATE