From TradingView · · 40s
Gold Tests 4340 Resistance
Gold price tests 4340 resistance as FOMC event looms.
In brief
Gold price tests 4340 resistance as FOMC event looms. Gold price tests 4340 resistance ahead of Federal Reserve decision. Originally reported by TradingView.
Gold price action
Gold has recovered strongly on H1 and is holding above its short-term EMA structure.
Immediate resistance zone
Price is approaching the 4339, 4345 immediate resistance zone.
Decision zone
H1 recovery tests 4340 with decision zone at 4326, 4340.
FOMC event risk
Today's U.S. calendar contains major event risk culminating in Federal Reserve decision.
Buy setup
FXGV A-SETUP: Buy above 4340 with target levels at 4345, 4358, 4365.
Sell setup
FXGV B-SETUP: Sell below 4310 with target levels at 4300, 4285, 4275.
The one thing
Gold price tests 4340 resistance ahead of Federal Reserve decision.
