Gold Gold Daily Video, March 20, 2024

[Sive Morten]

Good morning,

Gold stands in very tight range, and we have minor patterns on intraday charts in both directions. But, because of the Fed meeting results today, we suggest that it would be better to wait and see. Still we suggest that daily picture looks bullish.

 

[Tryingtrader]

Yes Sive, I think Gold is trying to get past the H1 resistance trend line but needs something to give it the nudge. Many thanks for your consistent enlightening analysis, perhaps the FOMC Statement will help us out?