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GOLD FED NEWS DECISION PENDING

TVC:GOLD   黃金差價合約(美元/盎司)
Yesterday I posted a idea of short sell, there were scenario of buy and sell, I was confident on FED meeting on interest rate decision. But yet not confirmed.

Technically speaking it looks like price will continue lower and it will move below the previous lows 1744. Well I recommend you that open small lot size of 0.01 according to your risk management. Wait for FED meeting confirmation on further price action.

There will be two scenario
In CASE 1
If price goes to the above 1782-85, then the level to look out for is 1810.

In CASE 2
If price goes to the above 1772-69 as strong support, then the level to look out for is 1735 and low.

AGAIN I RECOMMEND you to take action after FED news and best entry position would be below 1770.

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