XAUUSD Upside Momentum 26.03.2024 by BDSwiss_Academy on TradingView.com
The dollar showed unusual strength after the FOMC event causing Gold to wipe out the gains since the FOMC news. Since the 21st of March Gold moved below the 30-period MA and remained on a downtrend until the 25th of March where it settled near the mean at 2170 USD/oz.
Now it shows signals of a potential upward movement, breaking an apparent triangle formation that could cause the price to return back to the high-level resistance at near 2210 USD/oz.
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