Gold collapsed below 1900 on Thursday. The commodity seems to be heading toward 1800 according to the 15 October Gold Elliott wave analysis.
Gold recovers from Tuesday stumble. The following Gold Elliott wave analysis looks at what could happen next ahead of Wednesday FOMC meeting.
Gold price declined against the U.S. Dollar during the Asian session. Gold extended volatility above $1850 support level.
After rejecting $1960 resistance level, Gold pushed lower and hit $1850 support area. Gold bulls taking charge above $1850 area.
Gold price indecisive and currently residing inside the ranges of $1940 to $1950 area. Gold volatility increased above $1950.
Gold has become volatile, but still holding the bullish bias above $1900 psychological area. Gold bulls to take charge above $1910 area.
Gold has become impulsive and broke above the psychological level $1950. Gold bulls strong above $1950 psychological level.
Gold has become volatile, after the price dropped below $1950 area last week. Will XAUUSD price decline further below $1950 level?
Gold bulls have regained momentum and after an extended period of bearish pressure. Gold strike above $1950 psychological key level.
Gold Bears has regained momentum after hitting a record high of $2070 key area. Gold faced strong resistance around $2070 area and declined.