Chat with us, powered by LiveChatGold's Descending Triangle Pattern Holds Ahead of FOMC Meeting

Gold's Descending Triangle Pattern Holds Ahead of FOMC Meeting

Gold's Descending Triangle Pattern Holds Ahead of FOMC Meeting

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

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