for gold

Gold fell today after the release of US inflation data, to achieve losses and reach the 1940 region. Of course, tomorrow we have the interest rate decision of the US Federal Bank, which will greatly affect the movement of gold in the coming days.

Currently, gold has broken an upward trend and is heading to the 1931/1936 area. If the previous bottom area 1931 is broken, we will see gold at the 1900/1910/1925 areas, but if stability is above the 1955 area, we will see the 1966/1971/1986 areas again. When 1986 is broken, we will see the 1991 goals. /2000

According to my personal opinion, gold is not for buying. I mean, I see gold under the 30 zones, provided that the interest rate is raised by 25 basis points. In the event that the interest is fixed, we will see gold in the 80/90/2000 zones.

It could happen to raise 25 basis points. Of course, statements are coming that there is a large percentage fixation, but we must not forget the interest rate increase in the Bank of Canada, as the agreement was to fix, and they raised 25 points, as it was a big trick for the market, and it is likely that this will happen tomorrow. Of course, this is just an analysis, and it may be reversed tomorrow, but we must calculate everything in order to preserve our accounts, and it is likely that we will not enter the market after the interest decision, so that we know the direction of gold. Good luck to all.