Mar.10- Based on the price action throughout the week and the NFP results today a Fed RATE HIKE could be coming next week Wednesday (Mar.15). Looking for a trend reset on gold after this weeks heavy bear move to the 1215-1225 zone. Depending on the Fed rate hike we could see a continued move down from that zone to back under 1200 if they do raise rates.
Since the price bounced off resistance in early September the pound has been in a downtrend and is approaching major support created by Brexit. Price action looks to test that 1.3 level again and continue down 100 standard pips to nearly 1.28700. The pound may start to create higher highs after this support.