Gold prices have been consolidating in the range above 1800 to 1850
Gold tends to go up in times of uncertainty however a drop is expected
Buying is something I would see at 1680 - 1725 range , If you can sustain buying above those levels market will reward later
I am trading with ecnmarkets.com as their spreads on XAUUSD are very good on the RAW Account
Nasdaq futures are selling off heavily today, Looks like market isn't buying the FEDs idea.
FED Meeting tomorrow will give volatility but the expectation is for the markets to continue selling off bottoming previous bottom 11042
For those who asked me previously I trade with ecnmarkets.com , They have a good RAW account
XAUUSD ANALYSIS SEPTEMBER - FED tapering will increase bets on gold increasing potentially to 1885 and 1900 - general direction short gold - buying range at 1680-1720 - buying range at 1775 would not be a mistake as long as sustainability of drawdown is taken into consideration