Historically gold heads downwards before the FMOC meeting and then rally up afterwards.
At 1331.56 it would have retraced 0.786 but could potentially head for 1342.67 where a gap was formed around 2017 Sept 08.(look at the 4hr graph)
As part of the bigger picture move it could potentially break below 1200 in 2018 before the rally towards 1400+ starts
At 1331.56 it would have retraced 0.786 but could potentially head for 1342.67 where a gap was formed around 2017 Sept 08.(look at the 4hr graph)
As part of the bigger picture move it could potentially break below 1200 in 2018 before the rally towards 1400+ starts