Gday Guys. Its Friday again
Here my idea on Gold pair today.
Fundamentally, Gold waiting for FOMC Meeting next week. Which as expected and mentioned previous posting.
In Weekly, & Daily perspective, this pair was on Supply Zone which is still consider strong downtrend.
I anticipating the market direction, which is hourly perspective, am looking for sell opportunity until 1764.00 area for profit taking. As i projected, Gold gonna be on sideways pattern
at the moment which i believe this pair gonna creating sideways another week after FOMC meeting release.
Some idea why GOLD really affected during FOMC, GOLD is non-yield-bearing assets which is sensitive to changes in interest rates. This pair will move significantly after FOMC release.
Let's see what gonna happen next.. Cheers
Here my idea on Gold pair today.
Fundamentally, Gold waiting for FOMC Meeting next week. Which as expected and mentioned previous posting.
In Weekly, & Daily perspective, this pair was on Supply Zone which is still consider strong downtrend.
I anticipating the market direction, which is hourly perspective, am looking for sell opportunity until 1764.00 area for profit taking. As i projected, Gold gonna be on sideways pattern
at the moment which i believe this pair gonna creating sideways another week after FOMC meeting release.
Some idea why GOLD really affected during FOMC, GOLD is non-yield-bearing assets which is sensitive to changes in interest rates. This pair will move significantly after FOMC release.
Let's see what gonna happen next.. Cheers
Note
Projection Still Valid and on progress to complete
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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.
Related publications
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.