Forex Trading Library

Gold Slides Ahead of Fed Decision!

Name: Gold Slides Ahead of Fed Decision!
Uploaded: 2023-01-31
Channel: David Kindley
Description: Gold began a correction as prices slipped away from the $1950 zone yesterday.The yellow metal started the year well as evidence has grown that monetary tightening have peaked.Up over 20% from last year’s low, is this price movement just a retracement

VideoTechnical Analysis

By David Kindley Last updated Jan 31, 2023

Gold began a correction as prices slipped away from the $1950 zone yesterday.

The yellow metal started the year well as evidence has grown that monetary tightening have peaked.

Up over 20% from last year’s low, is this price movement just a retracement, or are we looking at a full reversal?

Timestamps
XAUUSD 01:30
DXY 03:05

Test your strategy on how the Gold will fare with Orbex

OPEN LIVE ACCOUNT

David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

USDCAD Final Leg of Triple Zigzag Begins

Fed Expected to Hike, But Then What?