Mid-Week Technical Outlook: Gold Shaky Ahead Of Fed Meeting

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Gold bulls went into hiding on Wednesday as investors awaited the outcome of the Federal Reserve meeting this evening.

It has been a choppy week for the commodity so far with price down almost 0.2% since Monday. When looking at gold, it remains the same old story with bulls and bears engaged in a tough tug of war. As highlighted yesterday, there is no doubt that the next few days will be eventful with its near-term outlook impacted by the looming Fed meeting.

Markets widely expect the Fed to leave interest rates unchanged in January. However, investors will closely scrutinise… Read More:

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