catching THE BIG GOLD SHORT!

Over last 2 weeks, the market has stopped responding to fundamentals which are showing a stronger labor market than the Fed is willing to tolerate; should have pushed XAU lower.

We're 2 weeks away from the next rate hike (February 1st) and we could see a correction in this time, especially if the market is expecting a less aggressive Fed. In that case, price will likely correct going into the hike and then explode higher on Feb 1-2.

XAU is reaching a key monthly lvl by tomorrow (1937) - valid short.
*NOTE: I'm looking to catch a large reversal and 1937 is 1 of 2 scenarios for this potential upcoming move (see chart for more details)
Chart PatternscommoditytradingFundamental AnalysisfundamentalanalsysisgoldforecastgoldpricesgoldtradingTechnical AnalysistraderstradingTrend AnalysisXAUUSD

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