Gold Spot / U.S. Dollar
Updated

GOLD Possible scenarios.

203
"Bullish Scenario" will be activated after breaking 1939.50. 1st tp is around 1948.

"Bearish Scenario" will be activated in case of price crossing the bullish-trend-line under.

In that case a reaction to the 1917.400 could provide a long opportunity there.

If Hawks seems to be more powerful in FOMC meeting, you should wait for the "2nd bearish scenario"
Note
shorting based on "bearish scenario" was an option which I used!
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Note
"1st Bearish Scenario" was profitable

"2nd Bearish Scenario is active wait for the result!

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