Gold Neutral Ahead Of Fed Decision
ICN.com | Sep 16, 2015 04:57AM ET
Gold became neutral after being resisted at the falling trend line and below SMA20 at 1107.00. SMA50 is presently valued at 1113.00, which is a strong resistance and ADX shows negative sign.
Meanwhile, RSI is neutral and therefore, we will be neutral too, as the support of 1100.00 psychological has proved its solidity several times.
We should be patient, due to waiting for Fed decision tomorrow.
- Support: 1100.00 – 1096.00 – 1087.00
- Resistance: 1113.00 – 1120.00 – 1125.00
- Direction: Bearish, but we will stand aside.
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