Annette
Short

FOMC opportunity

FX:XAUUSD   Gold Spot / U.S. Dollar
105 0 6
Is 1316 a good entry? I don't think so.. I prefer have a look at other opportunities until Friday.
Fed dovish speeches/ apparently good data are always helpfull for stock market, decreasing gold             . Brexit’s fears seems over and the circus can start again. But… considering the bigger picture the quantitative easing policies operated by the world’s central banks, it’s a clear sign of the economy health. European Central Bank Chairman, Mario Draghi, vowed to do “whatever it takes to preserve the euro”. Translation: icerbeeeeeeeeeeerrrrrrrrrrrggggggggg!!!!! Lifeboat is always the same: safe heaven. Indian demand for gold             will continue to rise and with the Chinese crisis this winter, we gonna see new highs.
IMO             Fed would let you believe it will rise hike, at the end a very good excuse will let them desist. For ex.? One very accredited possibility would be cyber attack: http://www.bloomberg.com/news/articles/2016-07-08/bank-cyber-attacks-said-to-prompt-fed-to-prepare-new-safeguards
With great frequency I can read article about this possibility. If this will be the next mass media manipulation, it would be a great alibi for the establishment, concentrated to sell their shorts before the next gold             up and down.

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Comment: After a nice short and entry at 1314 and 1329, I I am searching a good exit for the first part probl at 1363 ;)
The 5th of August is coming...news are getting bad and the 4th Fed's Kaplan speaks in Shanghai: whatever it comes out in the next days the uncertainty is rising.
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