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New Gold Apex Pattern - How Will The U.S. Fed Rate Decision Affect This?

Tuesday, August 30, 2022 19:04

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My research shows a new Gold Apex pattern is set up for September 11th – 15th. Around September 11th or after, Gold will attempt to reach this new Apex level near $1766. This price pattern is important because the US Fed rate decision date is September 20th – 21st, and a host of economic data reporting comes out the week before the Fed decision.

My educated guess is Gold & Silver will begin a volatile breakout move, possibly rolling lower to retest support near $1672, before attempting to move higher as global fear starts to elevate. I believe the current lower support level is critical to understanding the opportunities in Gold. If the $1672 level is breached to the downside, it means that Gold has lost a critical support level and will likely trend lower….Continue Reading Here.

Source: http://crudeoiltrader.blogspot.com/2022/08/new-gold-apex-pattern-how-will-us-fed.html

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