Will Gold defend 21 DMA at $1,843 on Fed Chair Powell?

European Session HOT STORY Will Gold defend 21 DMA at $1,843 on Fed Chair Powell?   Gold price is resuming the recent uptrend toward the three-week high of $1,858 on Tuesday, reversing a temporary drop seen a day before. The United States Dollar (USD) is licking its wounds, as traders refrain to place any fresh bets ahead of the US Federal Reserve (Fed) Chairman Jerome Powell's testimony. Gold price bounces off the 21-Daily Moving Average as RSI turns neutral. MORE STORIES AUD/USD plummets towards 0.6700 even as RBA lifts interest rate by 25 bps, Fed's Powell eyed   Bitcoin price could easily slide 7%, but will BTC bulls sit by idly?     TRADER'S RESOURCES Have a question about markets? TOP analysts will answer you. Forex, Stocks, Cryptos, Commodities! Join our VIP traders community and tap into the analysts to resolve any questions related to your trades, market moves, anything! Benefit from direct access to all insights and signals. And the best of all!: Meet like-minded people that speak the same trading language as you. Don't trade alone! BUY NOW Download our official app   Find us on Telegram @forexnews     If you liked this and you would like to follow us for more news and analysis, join us on social media                  Manage your subscriptions  ·  Unsubscribe from FXStreet newsletters   FXStreet Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXStreet Newsletter comes from trusted sources, FXStreet is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources. © 2023 "FXStreet. The Forex Market" All Rights Reserved. FOREXSTREET, S.L. - Portaferrissa 7, 1r 2a Barcelona 08002 Catalonia - Spain. You are receiving this email because you have specifically consented to it by checking the corresponding box when registering on our website. In FXSTREET we do not like receiving spam, so if you want, you can cancel your subscription or send us an email to privacy@fxstreet.com This message has been sent to you by FOREXSTREET S.L., a company registered in Barcelona, ​​in Volume 33351, Folio 135, Sheet B230633, with Tax Identification Number B62498233.