Gold

Next support and 50SMA(H4) 1924-23...
I hope fed news moves gold upwards(max probability)..
*Trade safe*

It is not easy to determine whether the Fed's interest rate resolution will support gold or not.
We all know that the odds are that this one will still be a 25 basis point rate hike. There are almost no surprises, so people know. That means the result is in line with expectations and gold may not react as much or it may not necessarily rise.
The key point, or Powell's press conference and the announcement of economic expectations.
Who knows what news he will release? About inflation, the banking crisis, the pace of future rate hikes, etc.
Any kind of market movement is possible, so please take precautions.
My take.

________________ its SELL on 4H

Price is above weekly pivot pt,

____________ FOMC all Factored in Already IMHO !

upward running.

A young man from Minnesota moves to Florida and goes to a big “everything under one roof” department store looking for a job.
The Manager says, “Do you have any sales experience?” The kid says “Yeah. I was a salesman back in Minnesota .”
Well, the boss liked the kid and gave him the job. “You start tomorrow. I’ll come down after we close and see how you did.”
His first day on the job was rough, but he got through it. After the store was locked up, the boss came down. “How many customers bought something from you today?”
The kid says “One”.
The boss says “Just One? Our sales people average 20 to 30 customers a day. How much was the sale for?”
The kid says “$101, 237.65”.
The boss says “$101,237.65? What the heck did you sell?”
The kid says, “First, I sold him a small fish hook. Then I sold hi m a medium fishhook. Then I sold him a larger fishhook. Then I sold him a new fishing rod. Then I asked him where he was going fishing and he said down the coast, so I told him he was going to need a boat, so we went down to the boat department and I sold him a twin engine Chris Craft. Then he said he didn’t think his Honda Civic would pull it, so I took him down to the automotive department and sold him that 4×4 Expedition.”
The boss said, “A guy came in here to buy a fish hook and you sold him a BOAT and a TRUCK?”
The kid said “No, the guy came in here to buy Tampons for his wife, and I said, ‘Dude, your weekend’s shot, you should go fishing.’ ”

Sold Gold @1976 Sl - 1987
Tp 1921

is there any reason to sell at this point?

_______________ ATM =

whether the high 2020 and 2022 (2070) will be updated is the question?
looks like yes..

I personally expect that before the next Fed rate hike,
Will go south from 1976 -1980
Northward in 1938-1944
hope i'm wrong......

Daily demand zone

also h4 fresh demand

Yes Daily demand zone range is a bit high, we shall look into smaller tf for good entry

just personal view.

Agreed, there is still a wave of higher gold possible.

Spotted heavy wick rejects at 1978, strong sign of bears moving back into the market.
Targeting 60 pips and also looking at that zone for a possible retest for a continuation bullish.

A bit risky since am going against the trend.

Simple setup, no confusion.

I think the opposite. gold will go down .trade safe