Following fomc gold didn’t pump as some expecting I’ve been following the trend i expect more bear to 1720 but its risky territory could reverse i expect Asia to buy. Good luck to all and happy weekend
Double top has formed on the daily signaling a bearish momentum for the longer term but we may see a pull to the upside from the falling wedge in the 2hr if if falls from the falling wedge line then seems to indicate the pair to go in a short position
Based on the 1hr and 4hr timeframe the volatility is still bullish. By pulling the fibs we saw a slight speed bump at 50% but did not make any more lower lows so looks like we are all good to go for 1835. Keep in mind bears are also strong Gold is like riding a train back and forth.