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GOLD (XAUUSD): FOMC Ahead! Your Plan: ๐ฅ
https://www.tradingview.com/x/q0Zd1TYy/
Today, we are expecting the FOMC minutes.
Here is your plan to trade Gold.
As you know, the market is currently approaching a key daily structure support.
Analyzing the reaction of the price to that structure on a 4H time frame,
I spotted a horizontal trading range.
1910 - 1912 is the upper boundary of the range.
Bullish breakout of that - 4H candle close above, will be a strong bullish signal for you.
I would suggest buying the market then, expecting a bullish continuation at least to 1923.
Also, remember that the news can be bearish.
In such a case, I would recommend staying away from the market.
โค๏ธPlease, support this video with like and comment!โค๏ธ
Today, we are expecting the FOMC minutes.
Here is your plan to trade Gold.
As you know, the market is currently approaching a key daily structure support.
Analyzing the reaction of the price to that structure on a 4H time frame,
I spotted a horizontal trading range.
1910 - 1912 is the upper boundary of the range.
Bullish breakout of that - 4H candle close above, will be a strong bullish signal for you.
I would suggest buying the market then, expecting a bullish continuation at least to 1923.
Also, remember that the news can be bearish.
In such a case, I would recommend staying away from the market.
โค๏ธPlease, support this video with like and comment!โค๏ธ
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