XAU/USD continues to trade within a range. There is a probability of a downside breakthrough. However, FOMC members may avoid talking about the possibility of rates growth. In this case, Gold is to restore. Situation may develop in any way and it is very difficult to predict the results of tomorrow’s meetings.
There is the uptrend on the Weekly chart as the price is above the MA55. XAU/USD continues to decline and this week’s fluctuations will depend on the FOMC members’ decisions and hints.
There is no trend on the Hourly chart aws the MA-channel is horizontal and the price is below the MA55. We advise to avoid trading today as we expect no tendency until FOMC meetings.
XAG/USD indicated its range yesterday. We think that the pair will trade within for a couple of days. Further trend will be determined after the FOMC meetings, which is to take place tomorrow. We advise to avoid trading at the moment.
There is the uptrend on the Weekly chart as the price is above the MA55. We expect XAG/USd to decline this week.
There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55. We advise to avoid trading today as we expect no tendency until the results of the FOMC meetings are published.