From last FOMC, we saw that the Feds will still continue to provide support to the US Economy as they are not seeing Economic Data reflect an organic recovery due to jobs market having lots of job but not being filled. - They say people are scared of covid, feel unsure, and unsafe. Feds will not increase Interest Rate or cut of stimulus thus inflating the US which had a rejection from the previous highs from last FOMC. We are continuing with a HTF Bullish Bias for upcoming week I am looking to see Gold create a lower monthly wick to 1803 or 1795, before flipping bullish targeting highs of 1836/1850's in the coming weeks.
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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.