GOLD (XAUUSD): Your Trading Plan Ahead of FED

14 Kas 2024

Ahead of FED Powell Speech today, Gold finally stopped falling.
For now, a key daily support that the price tested earlier holds.

To catch a pullback trade from that, pay attention to an inverted
cup & handle pattern on an hourly time frame.

Wait for a bullish breakout of its neckline - an hourly candle close above
that will give you a strong bullish signal.

A pullback will be excepted at least to 2580 level then.

Alternatively, a daily candle close below the underlined daily support
will be a strong bearish signal.

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