Keep in mind this week we have exceptionally heavy fundamentals, on Wednesday.
The FED announces its Interest Rate hikes.
traders are waiting across the board for the number (if there's going to be one..)
JPMorgan and Goldman Sachs expect 25 basis points.
Please trade carefully. After the banking crisis (not over yet.) The FED has to intervene.
In the past week, the FED has printed another $ 300 Billion in a second to support the failing banking industry.
hence we are looking to short XAU, however, be mindful that this is a short-term setup and we expect XAU to offer an excellent buy opportunity.
Let's see what markets and the FED has for us!
_____________________________
We can try for a Sell entry at this area around the 50% fib however we do expect the Asian session to try to reach the higher fib areas before selling off.
The FED announces its Interest Rate hikes.
traders are waiting across the board for the number (if there's going to be one..)
JPMorgan and Goldman Sachs expect 25 basis points.
Please trade carefully. After the banking crisis (not over yet.) The FED has to intervene.
In the past week, the FED has printed another $ 300 Billion in a second to support the failing banking industry.
hence we are looking to short XAU, however, be mindful that this is a short-term setup and we expect XAU to offer an excellent buy opportunity.
Let's see what markets and the FED has for us!
_____________________________
We can try for a Sell entry at this area around the 50% fib however we do expect the Asian session to try to reach the higher fib areas before selling off.
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XAUUSD Long
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