So with last weeks market reaction about the FED being HAWKISH and the market reacting is a good indication that there might still be some steam in the current tune of USD - BEARISH and GOLD - BULLISH.

Well, because they have pointed out that they will be raising interest rates although HAVE THEY? No!

All it did was set the market up for another strong move. 

Until they start phsyically raising interest rates it is still just a rumour. Although, keep in mind that there will be some head winds in the future so don't be afraid to pivot and don't marry a conviction.

What is your trading plan telling you to do? 

That is more important. Then respond to the market with it. Don't get caught up in all the hype and market theories. Only respond. 

Now, lets see how the market pans out especially around the stock markets, my intuition is telling me a handful of things atlhough I'm not ready to act on them until the market tells me. 

XAU/USD - Is the market still bullish for GOLD?

Jun 21 2021