#FED

Always when the Fed started cutting rates by 50 bps or more immediately a recession would start...

When the Fed started to cut rates by 25 bps the growth continued...

We are more and more inclined to believe that a 50 bps cut may be seen as desperate action, so we expect to see a 25 bps cut today…

——
2001 - Dot-com bubble
2008 - Lehmann Brothers
2020 - COVID
——

#FED

-50 bps

Typical pump & dump #fomc day

XAUUSD

Sell Now

@$ 2578-2581

🟩TP1 = 2576
🟩TP2 = 2573
🟩TP3 = 2568

🟥SL = 2584

Today's London session decides where $XAUUSD prices will go next week.

Tp1 done ✅

XAUUSD

Sell now

@$ 2585-2588

🟩TP1 = 2583
🟩TP2 = 2580
🟩TP3 = 2575

🟥SL = 2591

Sl hit

XAUUSD

Buy now

@$ 2518-2519

🟩TP1 = 2521
🟩TP2 = 2526
🟩TP3 = 2529

🟥SL = 2511

@$2515.5 Can add layer

Tp1 hit ✅✅

50 pips done ✅

Book tp 2

Rising tensions between Israel and Lebanon push up haven demand for the precious metal.

All tp hit 100 pips + booked 💸✅

‼️‼️‼️

Gold price is moving slightly away from a new record high of $2,638 early Tuesday, replicating the price action seen in Monday’s Asian trading.

Data today ‼️

FOMC member speech
CB consumer confidence
_______________________

TECHNICAL OVERVIEW

▫️14-day RSI sitting above 70, continue to warrant caution for gold buyers.
▫️ upside levels - critical level $2635 will lead to psychological barrier $2650 further testing $2670
▫️ downside levels - previous days low $2613 further $2600

Gold is stuck within the $ 2527-30 region for the past few hours.

XAUUSD

Sell Now

@$ 2666-2669

🟩TP1 = 2664
🟩TP2 = 2661
🟩TP3 = 2656

🟥SL = 2672