As Yesterday (Wednesday) the FED Increase the interest rate by .25 & nothing happened to gold.
Well ECB on Thursday and BOJ on Friday are the final one to react the market & the ECB is expected to rise interest rate by .25 percent too.
Gold may struggle in such a scenario as markets upgrade the probability of one more hike this year. If the FED continures in bringing positive options & the positive ecnonimic data from US then the gold will fall impulsively.
My positions are still of selling from the resistance area.
Well ECB on Thursday and BOJ on Friday are the final one to react the market & the ECB is expected to rise interest rate by .25 percent too.
Gold may struggle in such a scenario as markets upgrade the probability of one more hike this year. If the FED continures in bringing positive options & the positive ecnonimic data from US then the gold will fall impulsively.
My positions are still of selling from the resistance area.
Trade active:
Initial jobless claim effect make it fall highly as the USD strengthening....
Trade closed: target reached:
We almost hit the final support as our long holding target for bearish.
