XAUUSD Sell Off

With the Fed finally raised interest rates yesterday and the plan for 3 hikes next year, fundamentally this pair is bearish. Based on higher time-frame charts, there's more likelihood that this pair will drop to 1100 level (or even lower). Entering short stop orders with TPs on S3 and S4 pivot lines and SL just a few pips above S1.

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www.dailyfx.com...resh-Highs.html?DFXfeeds=f...



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Komentarz:

Left the stop order still open now, I was lucky for it not to be hit yet yesterday else that would have been a 1.2k pips loss already before market close.