Hello everyone! On the hourly chart of Gold, yesterday's session showed sideways movement. A slightly broader picture indicates the formation of a triangle. Both scenarios highlight the uncertainty that has arisen in Gold quotes ahead of the Fed meeting. A breakout of the triangle or, more precisely, the flat lines, will indicate the direction of a new trend. The problem is that this will be a sharp movement after Kevin Warsh's press conference. In his first appearance, the new head of the Fed will leave the rate unchanged, but how hawkish will "dovish Trump's" speech be? That's the paradox. Therefore, today I am - without positions and on the fence.
