Today gold moves in a narrow range and forming a flag pattern (triangle). I suppose this is all because the market is waiting for FOMC statement few hours from now. But whatever the announcement is, gold will break this pattern and moves on whether it is continuing to the downside or pull back to the upside. From what we have here, it is not a position to make an entry. I prefer wait and see until FOMC.
If gold can break 1714 I think big possibility it will go to 1725. But since there will be FOMC announcement, the uncertainty is too big
BalasHapus