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🛑 Gold Analysis Today 🛑
👉 Support = 2180
👉 Resistance = 2321
👉 Trend = Volatile
👉 Keep eyes on Fundamental news, because any time unexpected change possible
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If gold crosses 2289 TO 2283 then further down it may come down towards 2255.
On the other hand, failure to cross 2289 TO 2283 may retest the trend line 2316.
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There is nothing to point to a rate hike and the talk so far is enough to weaken the dollar.
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Powell opening statement: Further progress on inflation not certain, path uncertain
He made these comments at the beginning of the FOMC opening statement
The economy has made considerable progress towards the 2% target
Inflation has shown a lack of progress in recent months and we remain very focused
Inflation is still very high, further progress is not certain
Private domestic final purchases were as strong as in the second half of last year, an underlying signal for demand
A balance has been reached between the demand and supply of labour
Increased supply has led to strong job creation but demand still outstrips supply
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FOMC NEWS ALERT ‼️
DXY Next Expected Move In FOMC Today
as per expectations and according to sentiment analysis after JOLTS Job Opening and ISM PMI on ( doller DXY ) which have negative impact on DXY and can cause a short term/Long term fall in DXY till its lowest next demand zoon .
according to technical analysis we can a short momentum to the upside in DXY to grape all the liquidity then we can see a strong fall from the SUPPLY 1 or SUPPLY 2
IF WE WILL SEE LONG TERM FALL IN DXY IN UPCOMMING NEWS
then ...
All XXXUSD pairs fly will in FOMC
All USDXXX pairs will fly in FOMC
✨IMPORTANT NOTE ✨
this is just a prediction according to sentiment analysis all impact can be judge after news data
this is analysis not signal stay safe with WAVE FX for better entries
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2 784
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The market is currently standing at 2302. If the market does 2302 then it may test 2316 to 2324
On the other hand, if it fails to cross 2302, it will go down again and test 2282
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