2 POSSIBLE OUTCOMES ON GOLD AFTER FOMC NEWS
Ok traders ...FOMC news or Is it FED ,it might be a decider for Gold"s next direction...
So i got 2 possible scenarios on Gold . the first one is we might get a move to the resistance zone (1868-1877) ,giving us the double top and a third touch of the ascending channel which is obviously gonna be a valid signal if we reject those zones with a bearish candle kicker.
the second scenario is we have a inner ascending channel , which is also 1 leg away from the 3rd touch of the inner ascending channel around 1861
Now all this will be valid if the plan goes accordingly .
Trade safe. ;)
So i got 2 possible scenarios on Gold . the first one is we might get a move to the resistance zone (1868-1877) ,giving us the double top and a third touch of the ascending channel which is obviously gonna be a valid signal if we reject those zones with a bearish candle kicker.
the second scenario is we have a inner ascending channel , which is also 1 leg away from the 3rd touch of the inner ascending channel around 1861
Now all this will be valid if the plan goes accordingly .
Trade safe. ;)
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