xautrader

What next for Gold?

FX:XAUUSD   Gold/U.S. Dollar
57 0 0
Clearly an overall downtrend but prices has been choppy leading up to the FOMC conference this week. Tough trading conditions and the market seems to be a wait n see with bulls lurking beneath the 1150 levels. Need clearer direction and a Gravestone doji at the trend line with long would provide better confirmation

Overall, neutral and best to keep positions small in these conditions pre fomc
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