BombayBulls

Gold Trade with Fed's Help

FX:XAUUSD   Gold/U.S. Dollar
54 0 0
Fed has never disappointed equity bulls and dollar bears in recent history, at least for a day ! So here comes FOMC minute again today at 2 PM EST and we are ready with levels to take on Gold             . These days, trading anything with long-term direction conviction is fool's errand and one can lose money chopping around with strong, weak ( and also leaked ;) ) data. So today we will be looking to short from healthy resistance near 1240 and looking to get long from 1295 / 1280 ( wherever spike low reaches depending upon Fed's relative dovish/hawkish-ness. )
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