Gold has broken the downward trend line of the past month, ascending to $2038 from the $2036 level. Looking ahead, the $2041 level, representing the Fibonacci 0.618 point on the 1-month chart, could serve as a resistance. In case of a retest of the broken trend line, the $2035 level may act as a support. Watching for potential price movements. #GoldPrice #TechnicalAnalysis #FibonacciResistance #TrendLineBreak #MarketUpdate

The lower band of the consolidation channel, at 103.00, serves as a key support level. Stay tuned for market reactions. #DollarIndex #FEDMeeting #MarketAnalysis #FibonacciResistance #SupportLevel

The dollar index opens the day flat, maintaining a consolidated range between 103.00 and 103.80 for the past two weeks. Ahead of the upcoming FED interest rate decision meeting, a continued horizontal movement is anticipated. Post-FED statements, a potential upward trend might encounter resistance at the Fibonacci 0.618 point, around the 104.24 price level. #DollarIndex #FEDMeeting #MarketAnalysis #FibonacciResistance #SupportLevel