#GOLD UPDATE After testing $1795 support #XAUUSD keeps moving | Goldpipsmaker Free Signals
#GOLD UPDATE
After testing $1795 support #XAUUSD keeps moving up to $1805-$1812 zone. However, $1795 is getting weaker. Precious metal is trading a below 100-day SMA and the near-term outlook remains bearish. We may see a leg down, $1790 (July 23 low) would be the next target ahead of $1775. A move above $1815 is needed for Gold buyers. $1820 (200-day SMA) is key resistance before $1830 - $1834. The focus now is the meeting of the Federal Reserve’s Open Market Committee (FOMC) that begins Tuesday morning and ends Wednesday afternoon with a statement. Inflation and economic growth prospects will be the the topics traders and investors want to see the #FOMC meeting address.
