The Fed
decision not to change the US interest rates affected the market greatly and
GOLD is no exception. The GOLD correction continues after the fundamentals gave
it the push to continue climbing. As you can see from the screenshot above GOLD
is moving to the upside and it’s very likely to continue until it reaches the
resistance at 1152. That is a very serious level of resistance that is also
visible on the weekly filter chart, so whether it will manage to break above
that level and continue towards the previous high at 1170 is debatable.
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