This is just a quick note moments before the Fed decision. So far we haven’t seen any action in the precious metals sector, which means that we didn’t see any bearish confirmation. Gold declined just a little while the USD Index moved higher a bit more, so the implications of the intra-day moves so far are not significant.
If anything changes and we see bearish confirmations after the announcement, we’ll let you know by sending another alert.
Thank you.
Sincerely,
Przemyslaw Radomski, CFA
Founder, Editor-in-chief
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