Sell position in radar. See the chart for details. Show your support and hit the Like button!
According to the analysis, it is high time to buy this pair.
Right now I'm thinking about selling gold as the price has broken the flat area. But taking into account that the possible stop loss on this trade is too high we can observe the price to move back to the range area and there might be some manipulation to hit all the stops which are gathered on the top line of the range and only after that the price will plunge.
This pair has shown us multiple cases of rejection on H4 and it starts melting now.
If this candle (see the chart) closes negatively then sell gold on the next candle when the news from FOMC is published. If not then forget about it and wait for my further updates on gold :) Good luck!
Currently gold is trying to pull back before the FOMC minutes on Wednesday.
Head and shoulders pattern is ready and indicates to sell.