Gold is currently still trading within the previous weekly range where buyside and sellside liquidity is resting.
HTF shows gold is in a weekly pullback.
If the lows are taken and price closes below, this will confirm the daily is bearish with the objective to fill the price opening void.
FOMC statement this evening should provide some volume into the marker particularly if the release is un expected, market has factored in an interest rate hike pause, CPI was lower than forecast so will this be enough for the FED
HTF shows gold is in a weekly pullback.
If the lows are taken and price closes below, this will confirm the daily is bearish with the objective to fill the price opening void.
FOMC statement this evening should provide some volume into the marker particularly if the release is un expected, market has factored in an interest rate hike pause, CPI was lower than forecast so will this be enough for the FED