Gold Swing Traders, get ready for next week FOMC!

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

Trend Analysis Chart Patterns

trendanalysis chartpattern

Get ready...

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No matter how I see it, I see this... Wait for confirmation, next week is end of 3rd Q candle. WIll be blood bath.

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Something is brewing...

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DXY

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Triangle broken down...

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It is Friday, so I prefer to leave it out... Dont chase anything yet. Next week is end of week candle, end of month candle, and end of quarter candle.

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This is the right DXY

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Need 4H close to confirm..

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Rangefest...

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Food for thought...

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And watch my chart above.... we are heading the "FINAL TEST" ON THE DOWNTREND SLOPE

This will determine massive drop or massive climb

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As predicted since yesterday... Today market should show the "real direction for Thu and Fri..

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Waiting is almost over, we are reaching the TL..

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Yes it is boring, nothing else we can do but wait.

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This may be the beginning of an uptrend... to 1265. Since we consolidate more than a month, it is possible to go one way for long distance.

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But must break 1225 to confirm uptrend

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FOMC last week and NFP this week didn't spark much movements

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Potential weekly engulfing candle by end of this week, but we may be sideways for another 2 weeks before hitting the TL..

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End of day trading targets..

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Breaking range and downtrend TL.. finally.. lets see today and this weekend close

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