RE:RE:RE:RE:What will the US Fed have to say today at 2:00?hmmm, not sure what to do with this one. I think long term the trending up will continue as well. But as well I'm inclined to say down short term. On the very short term, this is kind of brutal. MACD usually provide good technical insight on gold price and it says sell. On the other side we are just touching the 50 days average, so we could bounce on this... but there is lot of room to go to the 200 sma which is always more significant, so potential downside is very possible. We touched the 1252 overnight (but overnight trading is not much significant usually, so is this a support breakout? Probably not a clear one yet). Could 1220 and/or 1240 be possible? 1240 would be a beautiful 25% correction from the run from 1060 to 1300. We'll see... but maybe it is time to take some of the table with regards to gold, and after a super 2016 beginning, maybe this fed move will trigger some profit taking. Look at this carefully, happy trading and good luck!