XAUUSD SHORTS FOMC 5/3/22

3 במאי 2023

XAUUSD

I am leaning on shorts for Gold Futures. Not only am i expecting the USD to rise based on interest rate decisions, but Gold is following a corrective pattern in Elliott Wave Analysis. I am leaning on this top being the "B" correction, in a large wave being formed. Placing TP targets at bottom of channel.