Potential XAUUSD Short - FED rate move

15 thg 12, 2021

The break of the level 1757-62 can result in the price of XAUUSD falling into the 1740s, further break can lead to 1730s or even lower. A lot of liquidity below 1762. Bullish sentiment is very high. Most broker sentiments shows 70% + clients being net long vs 20-30% net short, as well as change in percent of 17-22% from sell sentiment to buy sentiment this week. These buys ideas can potentially be liquidated.

Downside Key levels :
-1757
-1744
-1737
-1729

Upside Key levels :
-1775.5
-1784
-1895

Trade safe, Have a good holiday. Market can be very volatile nearing the end of the quarter.

This is not a financial Advice.