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November 25, 2020

What To Expect From U.S. FOMC Meeting Minutes, $2 – $25+ Movement Likely in Gold; Nov 25, 2020

U.S. FOMC Meeting Minutes

U.S. will publish FOMC Meeting Minutes at 1900 GMT/0030 IST. It’s a detailed record of the FOMC’s most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates.

Let’s see How Gold has reacted during the previous data release:

Oct 7:

Aug 19:

Technical View:

XAU/USD (Gold): Gold moves in stiff boundaries ahead of U.S. FOMC Meeting Minutes. Today pair made intraday high at $1,817 and low at $1,801 mark. A sustained close above $1,832 requires for the upside rally. On the other side, consistent close below $1,807 will check key supports as well. Key support levels are seen around $1,798, $1,787, $1,782, $1,774 and $1,768 mark respectively. Key resistances are seen at $1,822, $1,827, $1,832, $1,840, $1,857, $1,876, $1,882, $1,887, $1,892, $1,902 and $1,917 marks respectively.

Take a look and do trade wisely!
Good Luck

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