XAUUSD - Short Projection for the FOMC
The supply on which I was waiting was mitigated on Friday, so the last signal was profitable but didn't reach our target, so we closed it and now we are waiting the reaction of gold, we will not try to predict the predict the price as we don't have any confirmation so far.
I'm expecting gold to take the high which was mitigated on Friday and then go back to the trendline before going up to a new supply created before the FOMC.
The trendline will certainly not be taken before the FOMC, this liquidity has been created for the FOMC and we are just waiting the correct setup to take it.
Stay tuned for a new signal this week.
Ibra
I'm expecting gold to take the high which was mitigated on Friday and then go back to the trendline before going up to a new supply created before the FOMC.
The trendline will certainly not be taken before the FOMC, this liquidity has been created for the FOMC and we are just waiting the correct setup to take it.
Stay tuned for a new signal this week.
Ibra
Comment:
Really high volume for Monday and a week before FOMC, short projection for the FOMC is still valid even if we already took the liquidity on the trendline, I'm waiting price to react on the unmitigated demand zone around 1773. I'm waiting now the FOMC to find a setup to short the market, it should only accelerate our bearish BIAS.
Trade closed: target reached