GOLD (XAUUSD): Fed Rate Ahead! Your Plan:

٣١ يناير

https://www.tradingview.com/x/334omw7H/

Do not forget that today we are expecting FED interest rate decision and press conference.
Gold will most likely react strongly to this news.
Here are the potential scenarios.

Bullish
The market formed an ascending triangle formation on a daily,
it is currently testing its neckline.
If the price breaks and closes above that, it will be a strong
bullish signal that will push the prices at least to 2054 level.

Bearish
There is a strong rising trend line that the price is currently respecting.
Its bearish violation and a daily candle close below will be
a strong bearish signal.
The market may drop then all the way down 1978 level.

Wait for the news release and then wait for a breakout, it will give you a strong confirmation.

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