gold, page-10628

Gold is at the lowest point on the lower band of the trend line of the bull run since January 2016 on the weekly.   If there are gains following and preceding the FOMC meeting then it has been managed to at least the lower level of the uptrend to mitigate some of the upside but nonetheless it looks well placed to make some good upside in my opinion if the precious metal market and wider markets respond in an adverse way to what the outcomes and conclusions going forward are reached from the meeting.

http://www.investing.com/commodities/gold-streaming-chart

Look at weekly.  The 1313.25 is lowest point on the uptrend but at that point clearly.  28th December 2015 and 30th May 2016 and present date.

Good time to enter for a Long position for the courageous. I think we will soon all have a moment of clarity in the markets and positions may be more defined soon enough.

JFI