Gold (XAUUSD) trades near highs ahead of the Fed rate decision
XAUUSD price remains near annual highs, awaiting the US Federal Reserve interest rate decision. Its announcement and the press conference of the Federal Reserve chair may give fresh momentum to the stock price.
XAUUSD technical analysis
The XAUUSD pair is trading within an uptrend on the daily chart, with the price currently hovering around 2,570 USD. After breaking above the sideways range last week, gold price is steadily rising, aiming for the target of the previously formed triangle pattern near 2,600 USD.
Gold prices are rallying upwards, reaching the 2,590 USD level this week.
Read more - XAUUSD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
XAUUSD price remains near annual highs, awaiting the US Federal Reserve interest rate decision. Its announcement and the press conference of the Federal Reserve chair may give fresh momentum to the stock price.
XAUUSD technical analysis
The XAUUSD pair is trading within an uptrend on the daily chart, with the price currently hovering around 2,570 USD. After breaking above the sideways range last week, gold price is steadily rising, aiming for the target of the previously formed triangle pattern near 2,600 USD.
Gold prices are rallying upwards, reaching the 2,590 USD level this week.
Read more - XAUUSD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
