We're pre-fomc so its likely we're going to range like this until the release tomorrow, unless there is some news causing a breakout.
Amazing pip captures to be had across the board on these pairs. The heads up was given yesterday
Frist target below hit for scalpers
We're taking it easy on Gold now until FOMC. Small lots tight stop trading the range was enough for today. We'll be back tomorrow with the KOG report specifically focused towards FOMC and what we expect. As usual this will be shared an hour or so before the release. Trade safe, trade well. KOG
15M Range. We should see accumulation and ranging movement up until the US open where we have some news. The main event is FOMC later today so expect there to be volatility in the markets during and after the release. The main movement will come during the press conference where the press will be looking for clues and probing towards growth, tapering and asset purchases.
We'll be back an hour or so before the release with our FOMC analysis and trade idea.