After the recent 1655 low, Gold started to consolidate with a downwards tendency.
Today's FED could bring volatility and a new spike down.
However, after this low, I expect a correction to the upside and a challenge of 1700.
Also, looking at a monthly chart you can see that this is the 6th consecutive red month and Gold is in need of a meaningful correction and can close September into green territory.
Today's daily close should bring a more clear picture though.
Today's FED could bring volatility and a new spike down.
However, after this low, I expect a correction to the upside and a challenge of 1700.
Also, looking at a monthly chart you can see that this is the 6th consecutive red month and Gold is in need of a meaningful correction and can close September into green territory.
Today's daily close should bring a more clear picture though.