We're patiently waiting for the pullback to end so we can then get into a long position. We're mainly trading on the hourly chart and always trading with the trend. However, if you're looking for opportunities on the lower periods then there is still some potential to the downside, but make sure to move your stops above every lower structure and secure as much profits as possible.
Tomorrow we've got the FED Interest Rate decision which is a suitable moment for price reversal and that's what I want to see happening. Like I mentioned in the video, our first targets will be around 2050 but of course we're also expecting a continuation higher.
Good luck and watch out for our next analysis on GOLD!
Tomorrow we've got the FED Interest Rate decision which is a suitable moment for price reversal and that's what I want to see happening. Like I mentioned in the video, our first targets will be around 2050 but of course we're also expecting a continuation higher.
Good luck and watch out for our next analysis on GOLD!
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