heleboy

With the US FED decision and the increasing tension between Israel-Palestine-Lebanon, the ounce of gold is climbing towards the 2700-2750 target. News flows should be followed during this period, the support level is 2530-2560. *YTD*

The XAUUSD approaches the Fed meeting and approaches its second target, $ 2680. With the meeting, I think it will pause the ounce of gold increase and even withdrawal. These levels will be expected to rest at+-5 levels. In the medium/long term, the target will be $ 3500. However, it is seen that it will rest a little before. *YTD*

#XAUUSD pulled back after a rapid rise in 1-2 days. Volatility was expected to increase before the FED meeting. However, as you can see in the chart, this movement is very similar to the confirmation movement. It looks like a preliminary preparation for a higher movement. I evaluate that the meeting will achieve permanent progress in achieving the goals in the chart. It may present a new buying opportunity. YTD.

As the market began to price that US interest rates would not increase from now on, mobility in gold increased. Gold gained rapid value against the dollar. There is a significant resistance zone ahead. Even though it has already turned down from this resistance (2082), it seems that it can continue on its way by gathering strength. The $2200 level is a resistance zone resulting from a long-term trend, and I am one of those who think that interest rate declines must begin to be overcome. If this resistance is overcome, it can be expected to go up to $2400. If it is insurmountable, $2100 will stand as a strong support. $2400 is the TOBO high and again coincides with a long-term trend line. This resistance may be difficult to overcome. We'll see. YTD.