Gold markets have initially fallen during trading on Wednesday, reaching below the $1730 level before turning around and forming a bit of a hammer. What’s interesting is that we are at the very top of the previous W pattern that ended up forming, and therefore a bit of market memory could be coming into the picture. Keep in mind that the FOMC Meeting Minutes come out late on Wednesday, so they could have a little bit of an influence, and it might even be a bit outsized since it’s just a few hours before New York shuts down for Thanksgiving.Furthermore, keep in mind that the futures markets will be very thin at times, ... (full story)