Gold Price Forecast: Gold Bulls Bid Ahead of FOMC- XAU/USD Levels 2020-12-15 18:00:00 Michael Boutros, Strategist
Gold Technical Price Outlook: XAU/USD Weekly Trade Levels
Gold priceupdated technical trade levels - Weekly Chart
XAU/USD recovery off confluence support in focus– bearish invalidation steady at 1909 Advertisement
Gold prices rallied more than 3.8% since the start of December with XAU/USD rebounding off technical support early in the month. The recovery has stalled below the first lateral resistance and while the broader focus remains constructive, the risk remains for a deeper setback while below near-term downtrend resistance. These are the updated targets and invalidation levels that matter on the gold weekly charts heading into the FOMC interest rate decision tomorrow. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold technical setup and more