Since my last analysis, gold bulls look cautious ahead of the Federal Reserve's regular policy statement and look ready for an upward move from the “Decisive Zone,” if they sustain $1302 even after the Fed’s final verdict. No doubt that gold is moving upward amid growing volatility. A majority of economists believe the next move higher will come before its meeting in June. A majority of investors is full of doubts but looks interested to go long in view of the mid-term elections in coming months. I see that gold is inside a Decisive Zone,” which indicates a final directional move from current levels.
Disclosure
1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.
2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.