XAU/USD : What does the futur hold?

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The XAU/USD is now at an interesting point.

Technically, MACD and RSI on the daily are telling me that it is due for a push higher of some sort. The price closed under FIB 0.618 (this could mean a push lower again?). Still, both last time this was the case (and gold didn't really have any support in the near term) it found a way to push higher.

Fundamentally, the FOMC is speaking this week and I read that a rate hike decision is now 100% sure. This will cause gold to push down hard. I already saw those kind of decision make a pair go the opposite direction that everyone are thinking of. Why? Because the decision is already priced in the PA of the previous days/weeks.

Too much uncertainty around this XAU/USD pair but some very good opportunity coming up. This week could tell us all we need to know for the near term futur.

Trade safe!

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