why am i telling you this? this is the 3rd time FED will hiking the 75bps interest rate we have been through the 1st and 2nd one, the gold got much pressure after the hike interest rate announcement FED aiming 4,75 - 5,00 % for the 2022 , but it dont sure yet for the december hike , because they need to see the market reaction and the data that will release about the end of november until the middle of december but we can surely about more than 90% the fed will raise on 2 November 2022 about 75bps or maybe 100bps because they want to bring inflation down at least near the level (normally 1,25 -2,25 % inflation is great) if the inflation going down to at least 7,5% and the interest rates will become 4%, and then interest rates 5% at the end of december its very clear the FED will pivot to make sure they got softlanding probability it will start slowing down on Q1 2023.
the price will be very fluctuative / volatile , you should watch your risk management, dont risk more than 1%, there is chance to high then drop please watch 1722 level, and for me i can see the bottom is around 1532 -1564 .
(please dont risk more than 1% in this trade) watch your risk management. Good Luck.
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Please using good money management. dont take any emotional trade.
Note: Dont risk more than 0.2% on trending market Dont risk more than 1% on ranging market
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