-
Gold Technical Analysis – Focus on the FOMC decision
Gold erased last week’s losses in just a couple of days. It’s unclear what was the catalyst though. I can cite the usual “dollar weakness, safe haven demand” reasons but those don’t help with market timing. The most plausible explanation could be the recent volatility in some Asian currencies which would explain the timing and the safe haven demand. Authorities are now intervening so we could see an ease in the safe haven demand. We have also the FOMC decision tomorrow and that could be a risk for the bulls as the Fed is likely to push back against the aggressively dovish market pricing. In the bigger ... (full story)
