I was expecting gold
to rally after the no rate change decision by fomc but it disappointed and hardly managed to get to close to 1337 area. It looks like buyers are not interested at this price range. I am planning to short this as intra day trade to grab some pips downside i.e below 1330.
Levels towards downside: 1330-1327-1320
for Upside : 1335-1338-1341
Note: This is not an trade signal. Please do your due diligence before placing the trade.