Gold will have a deep pullback after FOMC possibly

Well, Gold may complete the wave 3 and toward to wave 4

Let's wait the result after this week.

Good Luck!

Yorum:

Update:

Gold almost reach invalidation level, but the bar is not closed within invalidation level.

FED raised interest rates by 25 basis points and then DXY tanked due to FED press conference.

Gold went slightly above the highs, so it may still in an uptrend and down trend hasn't started yet as my expection, in 3th wave, subwave 5th and looking for one more correction for a move up before shorting, this is how its looking now.

Yorum:

Finally toward to wave 4...and we need to focus the price on 38.2 or 50 of Fibo to see how it give us a reverse signal.