GOLD 1510.00 LONG

OANDA:XAUUSD   Gold Spot / U.S. Dollar

Good morning traders
The market presents itself with a opportunity on gold . Looking at the 1H chart displayed we can see that price stalled around 1485.00 . Looking at the momentum of the market and taking the recent negative development in trade negotiations I expect another push higher where I believe we could hit 1510.00. This would provide us with a 250pip trade opportunity .Keep in mind today we have the FOMC expected to lower interest rates from 2.00% to 1.75% so manage risk well for this opportunity
Happy trading cheers


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