GOLD before FED

 




As expected GOLD has reached the resistance zone at 1780. Now we are looking for the next move. It all comes down to the FED interest rate decision.


Technically speaking it looks like the price will continue lower and below the previous lows. However, DO NOT use big lot size before the news!


Entries a little after the news will be more confirmed. In case of a downside continuation, the first target will be 1735.


If the price goes to the upside, then the level to look out for is 1810.


The best time to enter will be after the news and a close below 1770.




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