
Fed has left the interest rates unchanged and they will remain at this level for a while, which makes the precious metal cheaper. And in the future unprecedented monetary stimulus from ECB and Fed is likely to reduce demand for gold.
GOLD/USD, 30 min

Pivot: 1687.31
Provided that the price is below 1697.00, please follow these recommendations:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1687.31
- Take Profit 1: 1679.00
- Take Profit 2: 1670.00
Alternative scenario:
In case of breakout of the level 1697.00 and the consolidation of the price above this level, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1697.00
- Take Profit 1: 1707.00
- Take Profit 2: 1715.00
Comment:
RSI shows the possibility of a descending trend during the day.
Key levels:
Resistance | Support |
1715.00 | 1679.00 |
1707.00 | 1670.00 |
1697.00 | 1658.00 |
GOLD/USD, D1

Pivot: 1709.62
As long as the price is above 1645.00, please follow these recommendations:
- Time frame: D1
- Recommendation: long position
- Entry point: 1709.62
- Take Profit 1: 1745.00
- Take Profit 2: 1790.00
Alternative scenario:
In case of breakdown of the level 1645.00 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1645.00
- Take Profit 1: 1610.00
- Take Profit 2: 1575.00
Comment:
RSI shows an upward trend in the medium term.
Key levels:
Resistance | Support |
1835.00 | 1645.00 |
1790.00 | 1610.00 |
1745.00 | 1575.00 |
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