Gold sold off slightly yesterday, retesting the 1614 support after failing to break through resistance at 1625-1630.
The bullish case is still intact and gold is holding above the upper boundary of the triangle correction it has been in since the end of May.
Today the FOMC meeting statement will be released at 7.15pm UK time, we expect another quiet day of trading until the announcement is made.
Today's video looks at our strategy for today and our thoughts on the contents of the statement.
The bullish case is still intact and gold is holding above the upper boundary of the triangle correction it has been in since the end of May.
Today the FOMC meeting statement will be released at 7.15pm UK time, we expect another quiet day of trading until the announcement is made.
Today's video looks at our strategy for today and our thoughts on the contents of the statement.