XAUUSD Gold Technical Overview and Trade Opportunities
The FED cuts the rates to 0.
-Launches QE with $700 Billion in Asset Purchases
-Announces Swap Lines with BOJ, BOE, ECB, SNB, Bank of Canada
-Cuts Primary Rate on Discount Window to 0.25%
“Coordinated central bank action to enhance the provision of global US dollar liquidity” may help Gold prices medium-long term.
When we look at the smaller charts, we see two short term trading opportunities:
- Long the breakout of the fractal resistance 1550. Targets : 1562 1570 1623
- Short the breakdown of the support at 1500. Target: 1476 1468
Entry notification and alert will be sent to members.
Update: Targets OK. Trade Closed.
Our Setup Live: GOLD TRADE SHORT MAR16
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