gold working on broadening pattern and near longterm trendline support & Eyes on Fed (May 4th, 2022)

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gold working on broadening pattern and near longterm trendline support & Eyes on Fed (May 4th, 2022)

gold working on broadening pattern and near longterm trendline support & Eyes on Fed (May 4th, 2022)

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attached is the chart of Gold daily, completed our target on diamond pattern and correcting after that , working in short term broadening pattern & on the support of long term trend line with monthly support on 1836-1846 (S1) below which trend will further down and touch 1800-1805 and above the targets are 1925-1950. All eyes on Fed meeting today. Bias is still upwards with gold above 200 DMA.