Gold Prices: Pullback Ongoing on FOMC Day. Bearish Projections at $2250.8

Gold Prices: Pullback Ongoing on FOMC Day. Bearish Projections at $2250.8
Gold Prices: Pullback Ongoing on FOMC Day. Bearish Projections at $2250.8

Operational Levels Updated to 1-2 Sessions

The 30-minute bar chart helps us locate in greater detail the current positioning of the technical references, which keep the bearish scenario already in force active. These are the resistances at 2334.4 and 2360.8.

Until the entire session of tomorrow May 1st, these resistances will constitute points of probable resumption of weakness in the event of price recoveries. Expectations are for a retreat to 2250.8. To achieve this objective, it will be essential to wait for market indications before updating the analysis again.

The technical signal is short on approaches to resistance, in any case from readings not lower than 2320.0. The stop would be triggered only in the event of a violation of the main resistance, through at least a close on the 30-minute chart above 2360.8.

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