Awesome_pips

possible sell forecast on gold

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
today there will be interest rate figures release and the FOMC meeting, lets just base our forecast on the interest rate figures, I wont be trading it but i will be documenting it on my journal and for future sake that's why am leaving it here...for technical reasons...the AO on the daily has been printing just bearish momentum...although its above the zero line this still shows a weak momentum for the bull thereby supporting the drop of gold...then fundamental reasons is that interest rate is forecasted to come out 4.75 which is positive for the USD...if this happens then we will get at least 200 to 300 drop on Gold. looking at 1935 as a possible entry spot to short.....lets discuss if you have another bias
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.