Gold Bear awaits for Hawkish Rate Cut

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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The market which everyone looks for an opportunity. we had a great GDP and ADP reports today which shows a good strength since yesterday's consumer confidence.
Now the question is in which way the US react with the FED and FOMC and Senior Financial Analysts confirms that its a hawkish rate cut and the door will be closed for another this year. So the Powell looks into Mid-cycle adjustments and Insurance rate cut by today. Even after its confirmed to be a 94% of chances to have a rate cut this week the UJ pair showed up a good strength as its abnormal. FED's major concern was last month on rate cuts has been the trade war. But so far the deal has calmed the global economy. 90% of chances are in favour of yellow metal price crash till my expected target. The structure really in need of this crash before it flies. Good Luck traders! Happy FED, FOMC

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Oct 30
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