Alright 7 hours till FOMC, should be interesting for Gold. I am 99.9% on NO tappering and huge 400 pips spike on gold, but i am not sure what to do with that economic report ahead of FOMC, if that gets very bullish for USD it could push Gold bellow 1212, which is not far away and trigger massive sell off, but i doubt it will happen i dont expect JPMs or GSs selling today as they surely have inside info, which is most likely upside. But who knows what can SLs triggered bellow do, not much guard bellow. Made 200 pips and good profits yesterday so i will be risking all that on long ahead of FOMC probably if i see buildup of longs after economic report. But no matter what happens on bullish side of Gold move i still dont see anything technically confirming bullish trend unless move is 1000 pips, which is not likely.
- #12,702
- Edited 9:09am Dec 18, 2013 8:22am | Edited 9:09am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #12,705
- Dec 18, 2013 9:07am Dec 18, 2013 9:07am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it