Today we expect to see big fluctuations in price on GOLD during and after the Powell press conference.
That will happen in less than 2 hours!
After the event we would expect a more clear direction for a little longer period of time. If you've been following our analysis, you know what we expect in the long-term.
Today we will be watching closely what happens during and after that press conference.
Do not rush to enter any trades in the first few minutes as this could be a false direction. Wait for a confirmation signal!
One of the main scenarios is price climbing up to 1825-30 and then rejection of that zone and possibly going below 1770!
In order to make an entry though, we want to see some confirmation before that.