Gold currently trading flat in the market. FOMC decision on Wednesday showed that there was no hike. But, Hawkish tone made market dump. This was not enough, earlier in the previous week, Jolts earnings again pushed the market downside. Time for retracement now. Technically, we have seen Bearish flag on different timeframes which is confirmation of sell. Decision for sell or buy in the market will be made after it breaks above 1929 or below 1921. Pullback should be ruled out. Lets see what happens next.
