Market is waiting for FED decision and expecting a rate pause in June which is bullish for gold.
If the opposite happens then gold will be down to 1903-1896 and then wait for another FEd decision in July
So a close above 1975 is bullish and a close belowe 1940 is bearish for xauusd
Between this zone is no trade zone or buy the dip and sell the top untill it breakout
If the opposite happens then gold will be down to 1903-1896 and then wait for another FEd decision in July
So a close above 1975 is bullish and a close belowe 1940 is bearish for xauusd
Between this zone is no trade zone or buy the dip and sell the top untill it breakout