XAUUSD: The decline is about to begin, have you sold?After gold rose to the high point of 2580-2590, it basically maintained a shock consolidation this week. So far, no new historical highs have been triggered this week.
For now, most investors in the market believe that the Fed's interest rate decision will be a node, but in fact, it is not. I think today's data will be a window for a change.
Because the closer the interest rate decision is, the more people will be eager to close the profitable long orders, which will quickly weaken the long force and give the short force an opportunity to take advantage of the situation.
So I think there is a high probability that there will be a callback before the interest rate decision.
Trading strategy:
Sell in the 2580-2590 area, the target is first to look at the 2550 area, and the second is the previous high 2530 area.
I personally still hold on to the short orders I held last week. After adding positions at high levels several times, the average price is now at 2567. As long as the gold price falls, our trapped orders can be closed at a profit.
