Gold on FOMC Day
Updated
Gold price is still looking weak technically and price is failing to claim weekly pivot(2667) in last two trading days of this week; For FOMC my view is still same , means I am expecting one ore leg down and in lower side we have to wait rejection at weekly S1(2608 or 2600 area) or 2568 / 2530-35 Levels for low in December for buying opportunities ( Expecting a low around 22-26 December)
Also in higher side price need to claim 2700 area if price move in bullish side directly today after FOMC to re claim the bullish continuation.
Also in higher side price need to claim 2700 area if price move in bullish side directly today after FOMC to re claim the bullish continuation.
Trade active
Moving as expected Trade closed: target reached
Still looking weak before PCE and GDP Data
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