b.zholymbet

Possible direction of breakout in case of unchanged fed rate

Long
COMEX:GC1!   Gold Futures
As you can see, price move in Fibo channel since Dec 2015. In case of FED leave it`s rate unchanged, price will move higher with breakout of bearish trend line. Targer is region of 1460-1480? where Fib retracement and 0.61 or 0.78 Fib channel are.

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