Let the FED's decide
Updated
This weeks direction for gold is likely to be decided by Wednesdays FOMC statement..September FOMC statement generally has a big impact on US$ and Gold Prices...
Hawkish statement US$ will surge therefore a more corrective decline for Gold and Vice Versa
Value levels for gold 1300-1310 ..wait and watch fr this weeks closing below or above these value levels and u will have ur next trending zone...above 1310 expect tgt of 1345-50 and below 1300 expect 1275.
Hawkish statement US$ will surge therefore a more corrective decline for Gold and Vice Versa
Value levels for gold 1300-1310 ..wait and watch fr this weeks closing below or above these value levels and u will have ur next trending zone...above 1310 expect tgt of 1345-50 and below 1300 expect 1275.
Note
Close below 1300 opened the gates fr 1275.....Note
Sell on rise fr 1265 soon.....major support at 1250 zone yellen to speak and non farm payroll key factors to watch this week.
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