2 scenarios for FOMC

FX:XAUUSD   Gold / U.S. Dollar
621 8 14
2 scenarios for FOMC.
I'm favouring scenario #1 as long as we above 1223
Comment: my buy stop triggered. im long 3 lots from various prices $1230 and 1238
Comment: most positions are b/e sl
Comment: 1250 is key level, if we break this, then we should go higher
Comment: added another lot at $1240. total 4 lots all b/e sl
Comment: if target hits my top, this weeks profit should be roughly 20k aud. if fomc goes down, profits will be a lot less.
Comment: still holding my longs! 1238 trailing sl. but only 2 lots left. the others got b/e sl hit
Comment: b/e sl got hit at 1238. re-entered 2.5 lots at 1239.09. price action still looks good for bulls
Comment: we above pivot of 1245 at this time of writing
Can we buy now brother?
Loii Lalahong9999
small position wont hurt. but we need to break 43 to confirm bull.
+1 Reply
I am not sure if I am looking at this correctly. Buy entry is at 1244 w/ t/p at 1282.57?? Then, Scenario #2 suggesting a sell 1240 t/p 1209??
Loii Juz2LuvLe
the gold price when i made this chart was 1235. might be abit late to buy, but u can buy small if u wish
Loii Loii
im aiming for 1270-1280, i dont know exact top.
+1 Reply
1253 will be bullish for today with targets towards again 1270
Loii newbie2016
1254 is my resistance, a break of that will make gold hit above 70+
for today... watch for 1253.5... cuz if it goes above 1253.5 then it will cancel downside or retracement of 1235...
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