FX_IDC:XAUUSD   Guld / USA-dollar
Today we expect to see big fluctuations in price on GOLD during and after the Powell press conference.

That will happen in less than 2 hours!

After the event we would expect a more clear direction for a little longer period of time.
If you've been following our analysis, you know what we expect in the long-term.

Today we will be watching closely what happens during and after that press conference.

Do not rush to enter any trades in the first few minutes as this could be a false direction.
Wait for a confirmation signal!

One of the main scenarios is price climbing up to 1825-30
and then rejection of that zone and possibly going below 1770!

In order to make an entry though, we want to see some confirmation before that.

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