Gold's Descending Triangle Pattern Holds Ahead of FOMC Meeting
Gold's descending triangle pattern remains intact, with the possibility of significant volatility stemming from today's FOMC meeting. The next support zone is projected to be between $2140 and $2145, aligning with the median line of the long-term bullish channel.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
2300 |
2250 |
2200 |
2140-45 |
2088 |
2055-60 |