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GOLD is Supported Before the FOMC

By:
Nenad Kerkez
Published: Jun 16, 2021, 10:53 UTC

Gold is still bullish despite the drop from the 1915 zone. It is in the support zone.

Gold

In this article:

The 1840-50 zone is the POC. As it acts as support, we could see a move up. The move will depend on the FOMC later in the day. Targets for longs are 1875, 1891 and 1915 in the next few days. However, if the price drops below 1840 expect a move down to 1815 zone which is bearish.

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For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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