The chart for XAUUSD could be a bearish trade given that the Federal Reserve increase interest rates to 25bp, this Federal decision could affect the XAUUSD trade favor to USD side, but according in the Federal report by Jerome Powell, Chairman of Federal Reserve, "that is for Congress to raise the debt ceiling so that the United States government can pay all of its obligations when due," Powell said. "Any deviations from that path would be highly risky. And no one should assume that the Fed can protect the economy from the consequences of failing to act in a timely manner." Powell said.
Trader should assets the trading situation before placing a trade.
If trend is bearish, the potential price point could be the three Fibonacci Retracement.
A possible bearish trend at three Fibonacci Retracement level.
1.(1827.11 at 0.382 Fibonacci Retracement level)
2. (1786.92 at 0.5 Fibonacci Retracement level)
3. (1746.74 at 0.618 Fibonacci Retracement level)
Forex Disclaimer.
This Published idea is intended to be used and must be used for information purposes only and not for investment advice. It is important to do your own analysis in forex trading before making any investment based on your own personal circumstances. Regardless of anything to the contrary, nothing available on or through this information should be understood as a recommendation that you should not consult with financial professional to your particular information.
Forex trading may sustain a total loss greater than the amount you deposited to your account if the forex trading move against to the trader. The said forex is the responsible for all the risk and financial resources and trading system that has been used by the trader.
Trader should assets the trading situation before placing a trade.
If trend is bearish, the potential price point could be the three Fibonacci Retracement.
A possible bearish trend at three Fibonacci Retracement level.
1.(1827.11 at 0.382 Fibonacci Retracement level)
2. (1786.92 at 0.5 Fibonacci Retracement level)
3. (1746.74 at 0.618 Fibonacci Retracement level)
Forex Disclaimer.
This Published idea is intended to be used and must be used for information purposes only and not for investment advice. It is important to do your own analysis in forex trading before making any investment based on your own personal circumstances. Regardless of anything to the contrary, nothing available on or through this information should be understood as a recommendation that you should not consult with financial professional to your particular information.
Forex trading may sustain a total loss greater than the amount you deposited to your account if the forex trading move against to the trader. The said forex is the responsible for all the risk and financial resources and trading system that has been used by the trader.