Daily Technical Analysis & Recommendations - Gold - XAUUSD - 2nd November, 2022

 Daily Technical Analysis & Recommendations - Gold - XAUUSD - 2nd November, 2022

• Gold gains above$1650 ahead of critical FED decision. 
• All eyes on today US Federal Reserve decision. 
• Gold eyes FED's decision for direction signal. 
• We must stay natural & wait for FOMC decision. 

Trade Recommendations: Stay in sell position, target $1625/20, Stop Loss above trend line resistance until the trend line break.

Alternative Scenario: Break of $1664 will turn the price neutral first.

Naveed Anjum

Technical Analyst