Gold markets rallied significantly during the early hours on Wednesday, as we have recaptured the $2300 level. This is a level that I think is going to continue to be crucial for the market, and the fact that we have bounced back a bit is a good sign. However, Wednesday of course features the FOMC announcement, and therefore we will have a lot of noise to deal with. The technical analysis for this pair obviously is very bullish, despite the fact that we have seen a couple of really ugly negative candlesticks over the last couple of weeks. The $2300 level of course is an area that previously had been resistance and is ... (full story)