Gold is pretty much undecided which direction is best at the moment.
The decider will probably be post FOMC decision/announcement but the euphoria, that is, rates remain unchanged, if its unchanged and some buying come out of it.
Which will probably be short lived and back to the doldrums soon after.
Anyway, with gold where it is now, even in the dailies, is starting to look a little heavy and coupled with the weeklies softness, hopefully will coerce fresh selling so that we see a new range set.
If only we had more momentum/volatility or the effort might be futile.
Interim supports are at 1176.30, 1169.20 & 1158 with minor supports at 1168.70, 1161.50 & 1144.60.
Interim resistances are at 1182.40, 1187.80 & 1195.40 with minor resistances at 1185, 1191 & 1196.70.
The daily/weekly trend changer points are at 1162.90/1157.75.
Get Gold Trading Chat, excerpts from there
The decider will probably be post FOMC decision/announcement but the euphoria, that is, rates remain unchanged, if its unchanged and some buying come out of it.
Which will probably be short lived and back to the doldrums soon after.
Anyway, with gold where it is now, even in the dailies, is starting to look a little heavy and coupled with the weeklies softness, hopefully will coerce fresh selling so that we see a new range set.
If only we had more momentum/volatility or the effort might be futile.
Interim supports are at 1176.30, 1169.20 & 1158 with minor supports at 1168.70, 1161.50 & 1144.60.
Interim resistances are at 1182.40, 1187.80 & 1195.40 with minor resistances at 1185, 1191 & 1196.70.
The daily/weekly trend changer points are at 1162.90/1157.75.
Get Gold Trading Chat, excerpts from there
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