"Today is the FED Interest rate decision. This is the most important event right now.
Based on that we will see certain moves in the market. That's why we will wait for it in order to see in what direction we want to trade.
The question is not if there will be change in the interest rate - there won't be!
The question is when is that expected to happen in the future.
The comments following the news are even more important and they will definitely cause some big moves.
Right now, no one knows what will happen, what will be said and how it will affect the market. That's why in moments like this the market is quiet.
We prefer to stay away from trades before the news but to spend more time analysing.
If you don't want to be exposed to too much risk, then I suggest you wait."
The news regarding he USD also affect price on gold and that's why we expect in price here as well.
It is possible to see market up at 1820, however until price is below previous highs we're going to be expecting a downside move.
If price quickly gets up to 1820 and it then rejects that level, then we could be looking for aggressive entries.
Whatever the case is, be prepared for some big moves and don't exceed your risk limit.
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Thank you in advance! 🙏
We have almost no losing trade on GOLD, and we can proof it!
What can you show us, only negative and angry comments because someone disagrees with your opinion.
You better go applaud Lingrid!
Thanks for your comment! ;)