From TradingView · · 40s
Gold Closes Above 4,060 After Fed Move
Gold breaks 4,060 after Fed's rate decision.
In brief
Gold breaks 4,060 after Fed's rate decision. Gold closed above 4,060 following the Fed's rate decision, breaking a key resistance level. Originally reported by TradingView.
Fed Holds Rates
The Fed held rates at 3.75-4.00% with a 10-2 vote and both dissenters wanted a hike.
Gold Wicks to 4,024
The 19:00 NL candle went up to 4,067.7 then down to 4,024.7, just under 4,028.
Gold Closes Above 4,060
The press-conference hour closed at 4,075.2, breaking 4,060 and the lower-high sequence.
Next Day Levels
Daily close above 4,074 flips the zone to support; 4,082.8 is the next test.
What it means
Gold closed above 4,060 following the Fed's rate decision, breaking a key resistance level.
