April 30, 2013
- in Uncategorized by schooloftrade
Gold Futures trading sideways
Gold Futures trading sideways inside a bearish price-channel and
we get BIG RED FLAGS looking at the fake-out-breakouts to both the upside and
downside. This makes sense because today
is the beginning of the FOMC Meeting, with tomorrow’s announcement coming just
after lunch on Wednesday. Anytime we
have issues being addressed that will affect currencies, inflation, and overall
market sentiment will affect gold just like it is today.
we get BIG RED FLAGS looking at the fake-out-breakouts to both the upside and
downside. This makes sense because today
is the beginning of the FOMC Meeting, with tomorrow’s announcement coming just
after lunch on Wednesday. Anytime we
have issues being addressed that will affect currencies, inflation, and overall
market sentiment will affect gold just like it is today.
