Gold has lost complete 'FOMC gain'!
With 1174 low today, gold has erased all gain from ‘FOMC day’. Surprise or not, I wrote in my gold analysis from June 18., that 1204/05 is not easy level to pass true. There was to much technical resistances and gold is not favorable investment for weeks. This is third month in a row that gold is moving around $1180. Gold close in April at 1184, in May at 1189, here we are in June, again around 1180. It looks like that price of gold is strictly under cotrol in the past three months, I wrote about that before in my analysis. 1172/73 is previous support from June 15., 1168/69 from June 08. and stronger 1162/63, the previous support from June 05. On the way up, 1182/83 is the first resistance, 1189/90 second, 1192/93 the stronger one.