Gold: short-term trade ideas
Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.
Gold got new strength
Information is not investment advice
Trade idea
BUY 1313.60; TP 1322; SL 1310
BUY 1324; TP 1333; SL 1321
The outcome of the Federal Reserve’s meeting was dovish enough to let gold prices soar. XAU/USD closed above March 13 high in the 1311 area. As long as the price stays above this support level, it will be poised to advance to 1322 (61.8% Fibo retracement of the February-March decline). The best opportunity to enter the market will be if XAU/USD revisits lower levels.
Elizabeth Belugina
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