GOLD (XAUUSD): FOMC Ahead! Your Plan: 🥇

16 ส.ค. 2023

https://www.tradingview.com/x/q0Zd1TYy/

Today, we are expecting the FOMC minutes.
Here is your plan to trade Gold.

As you know, the market is currently approaching a key daily structure support.
Analyzing the reaction of the price to that structure on a 4H time frame,
I spotted a horizontal trading range.

1910 - 1912 is the upper boundary of the range.
Bullish breakout of that - 4H candle close above, will be a strong bullish signal for you.
I would suggest buying the market then, expecting a bullish continuation at least to 1923.

Also, remember that the news can be bearish.
In such a case, I would recommend staying away from the market.

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