ForexTrendline

GOLD before the FOMC Minutes

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Today we're expecting the FOMC Minutes, which are very likely to cause some moves in price.

In the last few days we've been talking about a possible reversal on GOLD.
This will be a good moment for such an event. We could see price fluctuating and then maybe a downfall in price.

The ideal scenario is still seeing price above 1800, then to wait for a reversal candle and then a drop from there.

We will be looking for a move down and below 1700, and if this will happen then market shouldn't break above 1830.

Follow us to see what happens next.

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