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GOLD ahead of FED Rate Decision: Bulls Could Break Higher

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Gold is moving sharply up ahead of Fed Rate decision. We can see price trying to break above important 1075 swing high and channel resistance line. We see nice move up from 1058 so looks like that corrective decline in wave 2/B can be finished. That said, new leg up can be here now, wave 3/C headed up to around 1100 Fibonacci projection target. GOLD, 1H

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