GOLD: Pre-Fed Interest Rate Technical Analysis
Hey there, traders!
Let's talk about gold - we know that the current range can be a bit frustrating, but don't worry, there are still plenty of opportunities to be found. In fact, in this video, we'll explore two possible scenarios that we can use to our advantage.
Firstly, we might see a small consolidation that triggers more bullish momentum, potentially breaking the previous high and continuing upwards to create a new all-time high. However, it's important to be cautious here, because a small pullback could still cause a reversal in direction. So if you're thinking of buying in, make sure to keep a close eye on your trades.
Alternatively, we might see a strong bearish candle followed by a correction, which could be an opportunity to set up a sell trade that could push the price down to a new higher low. In this case, my target for the sell would be the 1940-1950 area.
We'll keep you updated as the situation develops, but remember to always trade with care and wait for your own setup. Don't overrisk - there's always another opportunity just around the corner.
Let's talk about gold - we know that the current range can be a bit frustrating, but don't worry, there are still plenty of opportunities to be found. In fact, in this video, we'll explore two possible scenarios that we can use to our advantage.
Firstly, we might see a small consolidation that triggers more bullish momentum, potentially breaking the previous high and continuing upwards to create a new all-time high. However, it's important to be cautious here, because a small pullback could still cause a reversal in direction. So if you're thinking of buying in, make sure to keep a close eye on your trades.
Alternatively, we might see a strong bearish candle followed by a correction, which could be an opportunity to set up a sell trade that could push the price down to a new higher low. In this case, my target for the sell would be the 1940-1950 area.
We'll keep you updated as the situation develops, but remember to always trade with care and wait for your own setup. Don't overrisk - there's always another opportunity just around the corner.
2nd scenario: