Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ...
Best regards :) Aaron
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switch into short mode, if XAUUSD falls between 1243.78 & 1240! I just saw CNN Quests interview with NY FED Dudley (money.cnn.com/2017/02/28/news/economy/new-york-fed-dudley-interview-transcript/) and it tasted bad for me as xauusd bulls last days, weeks! And after I perfumed myself now i`m proceeding that march rate hike is in play!
Even "obviously fairly soon" - unspoken next date :) So, i am excepting a rate hike in march - `cause FED Chair Women Yellen is much more kosher as we traders all can imagine and the economy incl. financial markets (USequities & USyields) maybe much more robust as we`re thinking?!
How ever, that lay´s on my heart - but don`t buy this conclusions without self-reflection! think about it oncve again and take care, how ever you`ll decide! We can talk about after next fed meeting, even in march, at least!?