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ForexTrendline
Aug 18, 2021 1:01 PM

GOLD before the FOMC Minutes Short

GOLD / U.S. DOLLARICE

Description

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.
Comments
SunnyHillCapital
We'll see how it goes, thank you
ProjectSyndicate
upvoted to support you
Stargazer_fx
great technical analysis mate, thanks for sharing
ForexTrendline
@Stargazer_fx, thanks for your comment and you're welcome!
TheSignalyst
Thanks buddy
ForexTrendline
@TheSignalyst, you're welcome! :)
hiradh
I like your idea!
ForexTrendline
@hiradh, thanks!
ProSignalsFx
I am locally bearish on Gold!
ForexTrendline
@ProSignalsFx, that's what we're looking at currently, good luck!
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