freddeal

Forward data analysis of interest rate decisions

Short
freddeal Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar


Everyone has difficult times. After you get over it, you will feel that those things that were about to kill you at the time, and so many situations that you thought you were almost unable to survive, will slowly get better. No matter how slow it is, as long as you are willing to persevere, it is willing to become a thing of the past. And for those things that you can't defeat, overcome, or tolerate for the time being, just tell yourself that whatever doesn't kill you will eventually make you stronger.




Gold has been consolidating and rising this week, with the highest price reaching a high of 1937 yesterday. Currently it continues to consolidate around 1930.



The Federal Reserve interest rate decision will be announced at 2 o'clock on Thursday, so the trend of gold before the decision is very critical.



As we all know, gold started to rebound from 1900 last Thursday. This rebound surprised many people, including myself. I did not expect gold to rebound to such a high level.



So why does gold counterattack so high? Have you ever thought about this question?



Obviously it must be related to the Federal Reserve's decision early Thursday morning. Market expectations are basically to suspend interest rate hikes. This will prompt many people to be bearish on the U.S. dollar index and therefore optimistic about gold and silver.



However, it is definitely not that simple at present, because gold has risen in advance, which is obviously a fact of buying in anticipation of selling.



Therefore, if it is said tonight that Powell will continue to maintain the suspension of interest rate hikes, I believe that gold will not rise, but will continue to fall.



1 If gold remains above 1935 before tonight's interest rate decision, there is no doubt that it will fall directly with a high probability.



2 If gold falls below 1930 before the interest rate decision, then be careful. After the interest rate decision, it may form a second peak and touch around 1935 again, and then fall again.





It can be clearly seen that 1935-40 is the current upper range suppression area, and short selling is definitely required here.



Once it falls below 1923, the market outlook may directly look towards the previous low of 1900-05.



Therefore, in terms of the next operation layout, if the interest rate reaches the 1935-40 range before the interest rate decision, you can directly open a short position.



If it falls before the decision is made, wait for the second peak after the decision is made before entering the market to go short.


What are you waiting for? Do you have any questions about my analysis? If so, please leave a message below and I will reply to you
Trade active:
Brothers, prepare according to my analysis, this is absolutely correct
Trade active:
Gold is getting closer to where I predicted it would be
Trade active:
Believe me, we will make money tonight
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