Gold markets fluctuated during the trading session on Tuesday as markets are awaiting the Federal Reserve policy and statement decision on Wednesday. Because of this, the market is likely to continue to see a lot of noisy behavior, as we are essentially stuck in the overall range. Speaking of the range, the $1790 level underneath is massive support, with the $1830 level acting as resistance. It is also worth noting that the 50-day and the 200-day EMA are both essentially flat, which shows that the market has nowhere to be. Once we get that announcement out of the way, it is likely that we can find a little bit of ... (full story)