GOLD Short opportunity (95%) : Eliot waves analysis
GOLD is in a low risk area where you can get easy profits as usual with my charts. --> Stay down of the 1700 weekly PIVOT is always a short possibility. --> Breaking the 1690 level is already a call of SELL (Targets are 1671 & then 1650) --> Breaking the 1703 price with confirmation candles is already a call of BUY (Targets are 1710 & then 1720): In this case GOLD go to retest the global downside & gravity trend of the chart again.
** Instructions: Always wait for a good confirmation to the breakout (A reversal signal or a good break signal) ** Two candles in 15M are very important for a basic level (Begainer) to decide.
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There were a very high impact news at 19GMT 10/06/2020 about USD (Fed Interest Rate Decision, FOMC Economic Projections & Fed's Monetary Policy Statement) that will affect very much the GOLD trade & USD pairs
Fed Interest Rate DecisionLink *Impact:* Very high
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