neilwilsonmarkets

Gold break post Fed

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Looking for a breach of the big $1,760 resistance to clear out a move to the top of the Bollinger Band around $1795/1800. Bullish MACD crossover in oversold territory signals momentum with bulls on this but resistance is strong at $1.760. Fundamentals encouraging as the Fed lent on the short-end of the curve by saying it won't raise rates but letting longer-end yields and inflation expectations rise.