No morning chart today members. Instead we'll share the FOMC KOG Report later on
FOMC KOG Report has been published on TradingView. Please do support your channel by hitting the like button 🙏
NOTE:
The rate hike has already been priced in by the looks of it. However, they're using the threat of war to create havoc across the markets. Please trade carefully, control your lots sizes and always have a risk strategy in place.
As per the report, we've traded level to level up until now, last FOMC got a lot of traders stuck in the wrong direction, you don't want to see the same again. Please trade carefully, trade safe. KOG
The rate hike has already been priced in by the looks of it. However, they're using the threat of war to create havoc across the markets. Please trade carefully, control your lots sizes and always have a risk strategy in place.
As per the report, we've traded level to level up until now, last FOMC got a lot of traders stuck in the wrong direction, you don't want to see the same again. Please trade carefully, trade safe. KOG
That's the long target complete on gold. Now we're waiting for a good resistance to form
GOLD - Break and close above the higher level will negate this. That higher level is open and would be the last chance for bears to bring this back down towards the 1850 level. Threat of war is still looming which is causing havoc across the markets. They're going to make it really difficult to hold positions that are heavily exposed. The only way round this is to test the levels with smaller lot sizes that allow you to be flexible and always, always, always have a stop loss!!
Yesterdays chart gave approx 100pips on the short