Will gold break the 1745 after April 7, 2021 FOMC Meeting?
Gold was sold off to 1681 last week and it has gone up from 1681 to 1745 in the last couple of days. Gold may make a big drop before the FOMC Meeting if gold cannot break the 1745-1746. Today, Apr 07 2021, the FOMC Meeting at 18:00 GMT is expected to make big gold movement to 1775-1780 or gold will resume its down trend. Gold is around 1739-1741 at the start of London trading session and gold may make another test of the 1745-1746. A failure of breaking the 1745-1746 is negative for gold. Gold Support Zones: 1718-1721, 1705-1708 Gold Resistant Zones: 1745-1746, 1756-1761 Would you like to trade gold like a Pro? Please Click Here to learn how to make $16,000 profit in 4 months