Gold FuturesLong
Scary GOLD Long/ FED prediction.
Updated
FOMC game changer.
I expect that the rate will be hiked 1 time - according to the market.
But with all that Yellen will tell that rising dollar is "scary" thing and Fed will not hike rates fast and will need time to see how the market behaves.
Thats why banks/financials (one of the reasons why S&P is growing) will fall into correction of their rally.
This will pull S&P down, GOLD up, DXY down.
So I also recommend to close long positions in stocks at that all time highs.
Will the banks buy that dip or this will be the "yearly" gamechanger - will find out soon.
I expect that the rate will be hiked 1 time - according to the market.
But with all that Yellen will tell that rising dollar is "scary" thing and Fed will not hike rates fast and will need time to see how the market behaves.
Thats why banks/financials (one of the reasons why S&P is growing) will fall into correction of their rally.
This will pull S&P down, GOLD up, DXY down.
So I also recommend to close long positions in stocks at that all time highs.
Will the banks buy that dip or this will be the "yearly" gamechanger - will find out soon.
Trade active
Trade closed manually
That was a bad chart. Bad entrance, bad timing, bad levels.
The direction - was good.
But now i start thinking this is probably it.
Note
will try to hop on to SHORT with target 1110-1102 zone.
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.