CHARTS AND COMMENTS

GOLD NEXT WEDNESDAY FED DAY

In relation to the FOMC meeting next Tuesday and Wednesday the 14th and 15th;

To the FOMC Calendar here.

Below is the development of the Gold price last year. It shows you what happened from 2 hours pre to 2 hours post the actual release. Here is the statement from December 16th 2020.

 

This is a one minute chart, key points:

- Gold started at 1.857, moved down USD 12 to 1.845, and the back up USD 20 to 1.865.

- The first 20 minutes from the release (at 02:00 PM) moved south.

- From 20 minutes after the release, the buyers where in control over the next 46 minutes.

- This down and up move lasted a total of 1 hour and 6 minutes and ended USD 8 higher.

- After this USD 20 stretch to the upside, the price moved sideways.

- The entire 4 hour period above started out at 1.854, and closed out USD higher at 1.864.

History is certainly no guarantee, but it could be a reference to individual triggers.

 

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