FOMC Fallout or Fakeout? Stay Sharp, Stay Disciplined

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FOMC Fallout or Fakeout? Stay Sharp, Stay DisciplinedGoldOANDA:XAUUSDfxtrends28Hello Traders, What are your thoughts on the strong downside move we saw yesterday, likely triggered by the release of the FOMC meeting minutes? Personally, I believe this could be a temporary reaction, as the minutes revealed a dovish stance from the Federal Reserve. As price approaches our area of interest, it's crucial to monitor price action closely on the lower timeframes to assess where it's likely headed. Patience is key—always trade with the trend. If you're considering selling in this highly bullish market, at the very least wait for a major structure shift. You can identify this by watching for a break of the 50 SMA on the daily chart or a clear break of the most recent strong lower high. Let’s stay consistent and disciplined. Happy Trading!