Gold - Long Bias after FOMC if it moves down to form channel

Important prior high, channel forming, pullback on strong trend - lots of evidence to suggest an up move soon. I would get in a bit later though - wait for it to move down some more and then you get a better risk/reward. I would buy Limit at 1240, stop at 1230, initial target at 1260, then 1290 and 1320 if you're feeling lucky.