We broke the bias level early session tapping into the hot spot and rejecting. So far, bar one target we're completed here on gold with support staying at the 4950-55 level which is the last target, but we can't target it from here.

Resistance stands at the 5003 level. It's a blue Monday across numerous pairs so let's take the foot off the peddle a little here as the indicators are suggesting caution.

Pre-event price action:

Trend within trends on the smaller timeframes

Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction

Ranging price staying close to short term MA's

Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range

Ask yourself these questions:

Do I understand intra-day levels?
Do I understand pre-event price action?
Do I understand trading with ranges and price accumulation?
Do I have a risk model that protects me and my account no matter where the price goes?

FOMC DAY!

Hot spots completed here. Planned at the beginning of the month, and it's worked near enough to the point. No trades going in on my side, simply observing and being patient.