XAUUSD Gold on Federal Reserve Day and After
Gold on Federal Reserve Day and After
If inflation decreases, gold will rise (this is inevitable).
You need to be both a hunter and the hunted.
How to trade gold on Federal Reserve Day and with inflation
When the inflation report is released, you should focus on the dollar index chart and then decide when to enter.
I expect the price of gold to drop to 2294 or 2284, and from there, it will start to rise with the first target being 2299 and the second target being 2318.
The second scenario is to sell from 2337 to 2348 with the first target being 2324 and the second target being 2310.
If a half-hour candle closes above 2337, the target will be to reach 2380.
If a half-hour candle closes below 2337, the target will be to sell down to 2286.
If a half-hour candle closes below 2286, the target will be to sell down to 2256 and 2237.
Good luck.
If inflation decreases, gold will rise (this is inevitable).
You need to be both a hunter and the hunted.
How to trade gold on Federal Reserve Day and with inflation
When the inflation report is released, you should focus on the dollar index chart and then decide when to enter.
I expect the price of gold to drop to 2294 or 2284, and from there, it will start to rise with the first target being 2299 and the second target being 2318.
The second scenario is to sell from 2337 to 2348 with the first target being 2324 and the second target being 2310.
If a half-hour candle closes above 2337, the target will be to reach 2380.
If a half-hour candle closes below 2337, the target will be to sell down to 2286.
If a half-hour candle closes below 2286, the target will be to sell down to 2256 and 2237.
Good luck.
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.