- All eyes were on FOMC on July 28th until then we saw XAUUSD in range from 1809 - 1795
- FOMC sentiment was that they are not ready to cut off support to the economy thru Bonds purchases and Stimulus as Economic Data does reflect a rebound and job demands are not being fulfilled. No increase to Interest Rate
- As FOMC statement was released we saw a liquidity grab for 30 pips and price rally back to the highs over the various trading sessions, as investors digested the info and DXY began to lose strength and fall bearish/ breaking bullish MS, Gold was heading back to previous highs of 1828 / 1830's
- As we ended off the week and the month we saw a pullback to close both candles off for the week/month
- FOMC sentiment was that they are not ready to cut off support to the economy thru Bonds purchases and Stimulus as Economic Data does reflect a rebound and job demands are not being fulfilled. No increase to Interest Rate
- As FOMC statement was released we saw a liquidity grab for 30 pips and price rally back to the highs over the various trading sessions, as investors digested the info and DXY began to lose strength and fall bearish/ breaking bullish MS, Gold was heading back to previous highs of 1828 / 1830's
- As we ended off the week and the month we saw a pullback to close both candles off for the week/month
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.
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.