XAUUSD The FED minutes hawkish tone is currently pushing negatively on the XAU/USD underlying bullish momentum. A renew dig under the 2340 support level is on the way . That wave started by a breakout at 2357 to reach potentially a first negative target at 2331.
It's now to early to place a bullish bet as a 2324 second negative target could be reached later today.
A clear decisive break above 2343 resistance level can enable further positive upsides.
Trade active
After a brief ping of the 2339.5 resistance price line, price action succeeded to dive beyond our first 2332 target to open the door for achieving our second negative target at 2324
Trade active
Despite a new rebound from my 2321 first negative target to tag the 2336 resistance price line I'm adding a new short entry in a bet to exit in the 2324-2325 price area Trade closed: target reached
We're going to get to the second negative target. Good job done 
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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.