GOLD

The Federal Reserve will conclude its two-day policy meeting and is expected by most analysts to give a strong signal that it will begin reducing its monthly bond purchases before the end of the year. Only a minority expects the process to begin immediately.

The GOLD price moved up above the 1763 main support level. As long as the price stays above 1763, on a four-hourly basis, we will see the daily resistance level at 1785. On the downside, if the price breaks down below 1763, the next support level will be at 1745.:

Support : 1763 - 1745 - 1736

Resistance : 1785 - 1805 - 1829

22 Sep 21 (Wed)

12:55 pm