USAS_INC

XAUUSD A Lower Dip and A Higher Rally awaits? Sep 17-21

FX:XAUUSD   Gold Spot / U.S. Dollar
A negative bet on FED rate hike. !! Priced in move may drive higher IMO!!!

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Previous Analysis:





Some Levels and Zones



Thank you for sharing. On a very short term horizon (4H) we can only assume sideways Rectangle continuation within a 1,212.48 High and a 1,187.83 Low. On a longer term, since 1W has been providing only Lower Highs, we can assume that the trend is bearish. We are bearish, aiming at the 1,180.50 1D support and 1,172.20 in extension:

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USAS_INC InvestingScope
@InvestingScope, Great Insight!!. We need eyes on SNB reaction next minutes!!. A Dovish Statement will driver DXY higher!! Adding downdward pressure on Gold!!!.
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@USAS_INC, Thank you! We are actually most focused at the moment on Wednesday's Asian session and the BoJ Monetary Policy Statement.
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@YIQI, Thanks for sharing. It has been sitting there for a long time.
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