Gold - Bullish breakout catalyzed by FOMC
Hey Trader,
please see my current idea on Gold where my chart suggests a long swing to around 1890 area. This is due to the fact that we might be currently in a bullish wave 3. I expect this since we didn't make a new low and wave 2 has to form of a Flat correction.
Please keep in mind: Trading ahead of FOMC is very risky. I'm willed to take this risk as I have a really good entry that is now already with stops on Breakeven.
This is no financial advice, just my technical expertise.
RT
please see my current idea on Gold where my chart suggests a long swing to around 1890 area. This is due to the fact that we might be currently in a bullish wave 3. I expect this since we didn't make a new low and wave 2 has to form of a Flat correction.
Please keep in mind: Trading ahead of FOMC is very risky. I'm willed to take this risk as I have a really good entry that is now already with stops on Breakeven.
This is no financial advice, just my technical expertise.
RT
Trade closed: stop reached:
This analysis is folded due to new low on price action.