The US Fed Announcement has triggered the buying of gold ; however, the climb was weaker than expected yesterday; the price had already turned south at 1910 and completely missed the key resistance of 1920. Expect the price to maintain within the 1865-1910 in S-T. Notice that the trading range has been narrowing down on the 1-hour chart since last Thursday; a (2) is now in effect before any breakout.
A sign(3) has formed after the pullback yesterday. If the price fails to jump above the 100 days MA today, expect the price to touch again 1850(5) in the next few days or even lower toward the 250 days MA.
Market price: 1875
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