Gold Looking Bullish!

We are post federal reserve meeting and it appears that investors are apprehensive due to the hawkish tone the chairman Jermone Powell gave, however I believe that as gold has been accummulating since may and the 1753 major support has been touched now we will see at least a short bullish run.

As you can see on my chart price touched the 1753 support and on the 4 hour chart a bullish close above the resistance of 1772.9. if price closes above 1786 level then I believe we will see a short run until 1815 where price touched before in november. This is all if inflation continues to grow and the hawkish tone continues from the federal reserve as a result to the inflation numbers which will cause a increase for the need of Gold.

Be careful trading though! December is one of those months that things can be uncertain and ranging prices evident.