Gold: The price now creates a lower low daily, usually price retrace from there. We should expect that prices continue targeting the north as first resistance in 1687 area and could push the price south a bit, the ultimate target is 1717/22 area. This area IF reached should present a good resistance zone. IF the price reaches 1717/22 area before FOMC on Wednesday 21/09 then we may have 2 scenarios here, the first scenario is to start moving south targeting 1632 then 1600/07 area, and the second one targeting 1786 area to complete the bullish divergence daily. We are now looking to buy the dips expecting some move north towards 1687 and then 1717.
Breaking 1660 then we may target 1640 support. Price reached 1640 but find enough support there, breaking 1645 is a bearish signal targeting 1640 again and as long the price does not break 1660 resistance then we may see more drop. Breaking 1660 is a bullish move confirmation breaking 1670.
