Gold heading to 1180, than a fast reverse up to 1240

FX:XAUUSD   Gold Spot / U.S. Dollar
1Day Chart:

Another great area to trade during the Fed. We have been a little quiet on this front of late adding to short positions above 1230.

However the picture remains the same with a bearish stance on the daily (considering no real geopolitical or terrorist activity) the floor look to be 1180.
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