Riliza

Riliza Updated 

After FED Interest Rate Decision Last Night, Gold has reach lowest point of the year at 1653.87$ then rebound to the highest point of the week 1688.125 during Powell's speech time. The weekly range is now 1688.125 - 1653.87 = 34.25$ while the average volatility is about 53$ per week. The possibility of Gold price by end of this week can be follow 1. Trying to...

Riliza

Gold is ready to do a correction of lower low structure. Last week it had tested at 1654 on its lowest point of the year. This week, there will be the FED interest rate decision which will likely push USD value to do higher high, this makes negative correlation to gold. While the USD is raising up, gold will be down accordingly. Referring to Technical and...