XAUUSD - Gold took a bearish direction; only sell
Hello traders,
Gold finally did it and break the bottom of the weekly channel with the help of Federal reserve by fixing the interest rate with intention of further interest rates hikes this year.
Accordingly, I will only sell and my selling zone will be between 1940-1950, I already made huge profit this month and will not allow big whale to deceive me and make me buy, so I will be patient and rest watching how gold will behave today and tomorrow.
If gold reach to my sell zone again, my TP will be: 1932, 1926, 1922, 1914, 1905, 1900 (below 1900 it will drop sharply to 1887-1881).
I wish good luck for all
Gold finally did it and break the bottom of the weekly channel with the help of Federal reserve by fixing the interest rate with intention of further interest rates hikes this year.
Accordingly, I will only sell and my selling zone will be between 1940-1950, I already made huge profit this month and will not allow big whale to deceive me and make me buy, so I will be patient and rest watching how gold will behave today and tomorrow.
If gold reach to my sell zone again, my TP will be: 1932, 1926, 1922, 1914, 1905, 1900 (below 1900 it will drop sharply to 1887-1881).
I wish good luck for all
