Gold- Before the FED
Since Monday, Gold is trading in an extremely tight range, with the price moving 100 pips (ignoring the spikes)
Traders are waiting for FED and a break in either way could lead to an acceleration
My bias is still bearish and confirmation comes once the price drops below confluence support at 1720 and such a break would expose the recent low.
On the other hand, a break above 1740 would expose 1765
Traders are waiting for FED and a break in either way could lead to an acceleration
My bias is still bearish and confirmation comes once the price drops below confluence support at 1720 and such a break would expose the recent low.
On the other hand, a break above 1740 would expose 1765
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