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Message: [QUOTE="Superforex_Official, post: 132621, member: 39128"] [B] XAU/USD: Short Review and Forecast[/B] The market has been extremely volatile the last few months. Investors are waiting for the results of the FED meeting. The GOLD has good chances to increase in price if the FED doesn't change the rate. The Gold has been extremely volatile for the last few months. On the H4 chart we can see a large number of different micro trends that continually replace each other every month. This has created uncertainty on the market. Volatility is higher than ever: in just three months, the price varied in the range of 1216-1294 dollars. Overall, the trend looks flat, but with a huge range. This week, the price achieved a monthly maximum, but decreased a bit because investors are awaiting the results from the Federal Reserve meeting held today. The Fed meeting will show if the interest rate is going to be increased or not. Investors suppose that interest rates are unlikely to be increased before December. Inflation in the United States was lower than expected for the fourth month in a row. Other economic indicators also do not impress the market. The Gold also has been rising in price due to the failure of the health care reform and the weakening of the USD. Given that the Federal Reserve rate hike is unlikely in the near future, we expect a further increasing of Gold value, after the price correction. This also confirmed by the Stochastic oscillator, which indicates that the current rates are in the oversold zone. A further increase of the Gold's value will lead to the formation of a steady uptrend. Therefore, the deals to BUY can be considered as the most effective. [IMG]http://www.imghost.in/img/2017-07/26/5gn8edq6kwkloq9m1ljfw0mhc.jpg[/IMG] [/QUOTE]

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