JamesEvison

GOLD - Retesting broken trend resistance, will it hold for FOMC?

TVC:GOLD   CFDs on Gold (US$ / OZ)
- As shown in the chart gold looks to be retesting a previously broken ascending trend-line previously acting as resistance
- This line may provide short term support up until the FOMC
- If this line holds during FOMC, could provide a platform for a dovish Fed hike
- If any sign of hawkish deviation to whats currently expected from the Fed and we will most certainly see a drop to the downside

THIS IS NOT TRADE ADVICE NOR A TRADE CALL

Comments

Do you have some silver analysis?
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