Good Morning Forex Friends
Federal Reserves left interest rates unchanged , that gives us more confidence to remain bullish in Gold and follow the technicals.
We missed the trade during Fomc our entry point was 1111.00 and gold bounce from 1115 level and give a new high at 1128 that was our target.Now we may see some correction in gold . I am sharing some chart patterns in different time frame to look further entry and exit points.Daily Chart Pattern
Gold is moving in rising channel in daily chart and making higher high and lower high.Recent high is 1128 it was expected in yesterday analysis.Now we may see some correction and that correction may over near support level that was previous resistance around 1110-1111. So we will watch that area to jump in again.Channel invalidation is now at 1097-99.Movement below this level will invalidate our Bullish bias.
