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Gold Price Outlook: Gold Breakout Vulnerable to Fed- XAU/USD Levels

January 26, 2022

Via: DailyFX

Gold prices surged nearly 4% off the monthly lows with the breakout challenging initial resistance objectives ahead of today’s highly anticipated FOMC interest rate decision. While the broader technical outlook remains constructive, the immediate advance may be vulnerable here and we’re looking for possible price inflection in the days ahead. These are the updated targets and invalidation levels that matter on the XAU/USD technical charts heading into the Fed. Review my latest Strategy Webinar for an in-depth breakdown of this gold technical setup and more.

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