Rough ideas and strategies

Wait 5 sec.

Rough ideas and strategiesGold / U.S. DollarFOREXCOM:XAUUSDJS_TKCThe Federal Reserve's decision, due the day after tomorrow, will be a major catalyst for price volatility. Ahead of the announcement, the market is already pricing in expectations; the vast majority of institutions anticipate an interest rate hike, with the probability of such a move estimated at as high as 80%. We should pay close attention to the 4300–4350 range, as it represents a zone of potential short-term selling pressure.