In this video update, we take a look a GOLD as it breaks out of the bearish corrective structure.
If we see the FOMC later this evening hint at any form of growth we could see some short-term strength in
the USD pushing GOLD prices lower. Technically we can see that price has broken through the bearish channel
and re-tested forming bearish price action. If the market can continue lower to break the $1301.00 lows
we should consider further declines in the price of GOLD.
If we see the FOMC later this evening hint at any form of growth we could see some short-term strength in
the USD pushing GOLD prices lower. Technically we can see that price has broken through the bearish channel
and re-tested forming bearish price action. If the market can continue lower to break the $1301.00 lows
we should consider further declines in the price of GOLD.