As we expected, after an initial flurry of activity around the German constitutional court decision, gold traded in a narrow range for the rest of the day as participants eagerly await the outcome of the FOMC meeting this evening.
Although it is likely that some kind of further economic stimulus measures will be announced, there is a hefty "QE premium" built into the gold price at present and the potential for disappointment is considerable.
Today's video looks at the action of the last couple of days and our strategy for the FOMC announcement and our next trade.
Although it is likely that some kind of further economic stimulus measures will be announced, there is a hefty "QE premium" built into the gold price at present and the potential for disappointment is considerable.
Today's video looks at the action of the last couple of days and our strategy for the FOMC announcement and our next trade.