Gold continuing to trendline resistance....

10 Nis 2019

Gold is still trudging along whilst the dollar is coming off a recent double bottom and holding firm near support... My belief is that the trendline resistance will reject the price and create yet another lower high on the daily charts... FOMC may be a catalyst that lifts the price to 1312 or cut it down before we hit the trendline...

10 Nis 2019

Not

The Fed is more than likely to be dovish (good for higher gold prices). BUT most are already expecting this and may already be priced in... imo the fed will not be dovish enough! Unless there is a surprise dovish announcement I expect a push upwards that will be sold off rather quickly...