I used the term "random" in the context that there is 3 scenario that can happen to price and 3 events if one plays the news trading.
The contents is lukewarm and take a middle ground.
Hawkish talk
Dovish talk
The chart is useless to tell you which of the 3 scenarios can happen. Best guesstimate is that it has a hint of hawkish flavor because the USDX has been a rising trend.
I am assuming no rate rise and language is the important issue;
Hawkish and immediate spike up in USDX
Dovish and a spike down
Middle of the road language and USD takes out the news trader long and short then decide which part of that middle ground it favors.
Worse case scenario for the punters is being right and yet get stopped out!
I see across the gold sector, those that had suffered deep sell off had been factored weeks ago. Those that preserved valuation are only this week meeting risk mitigation. If I apply this logic then obviously the deeply discounted gold stocks should be the least affected if gold should react -vely to FOMC.
Having said all that Grade is KING and a cash surplus reserve should offer deeper discounts. Good luck.
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