Gold plummets $50 on Fed rate decision tonight

Gold 1960 is directly empty, and it is expected to plummet by 50 US dollars.

Every Fed interest rate decision is a time when gold changes, and this time gold leaves are no exception. On May 4, the Federal Reserve’s interest rate decision, gold turned from a rising trend to a falling trend that day. This time, the Fed’s interest rate decision makes me think that the price of gold will plummet by 50 US dollars.

Yesterday, the main force killed the longs and shorts, and the market wash was still very thorough. I judge that gold will go out of the market tonight. Before the data, my layout list has entered the market. I will harvest again when the data market plummets.

From the perspective of the daily line, the price of gold has been suppressed by the mid-range of the daily line, and has not broken through many times. At the same time, it has received support from the mid-range of the weekly line.

I judge that the price of gold will fall here. Using the principle of synchronization of gold and silver, the high point of silver has no longer risen, the unilateral upward trend has ended, and silver is still a standard double-headed structure. If the silver plunge is imminent, gold will follow.

Trading strategy: Gold 1960 empty, stop loss 1970, target 1910

Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻

Trade active:

Gold is falling, so that means I was right in my predictions

Trade active:

Let's keep waiting for gold to fall

Trade active:

I said gold would plummet, did you see that?

Trade active:

Gold 1940 perfect stop profit, this wave of sharp drop has made us a lot of money

Trade active:

I said gold was going to plummet and it's still falling, I expected it