As you can see in the 4H chart of Gold, after last night's FOMC, it dropped from 4379 all the way to 4219, reaching the Demand Zone and bounced back up to 4328, before dropping again, currently being traded at around 4250.
I expect further drop for Gold and the first target is at 4219 and then 4170.
Unless something weird happens and Gold somehow make it back above 4270, then a rise towards 4300 could happen, but it is not likely.
Structurally, Gold is heavily bearish and it may go even below the 4100, towards the Bullish OB and then the massive pool of liquidity below the 4023 level.
I expect further drop for Gold and the first target is at 4219 and then 4170.
Unless something weird happens and Gold somehow make it back above 4270, then a rise towards 4300 could happen, but it is not likely.
Structurally, Gold is heavily bearish and it may go even below the 4100, towards the Bullish OB and then the massive pool of liquidity below the 4023 level.
Trade chiuso: obiettivo raggiunto
As you can see in the 4H chart of Gold, it reached both of our targets at 4200 and 4170, going as low as 4122, touching the 4H FVG High and then bounced and reached 4178. Currently, it's being traded at 4174.I expect Gold to go towards the Demand Zone and try to break above it.
However, a rejection could send gold back down inside the FVG, and if Gold fails at staying above the Mid-gap at 4114, it can go lower towards the Bullish OB.
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Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.