Gold - Bullish Technical
Technically, ascending triangle and trend lines show Gold is still looking on an up trend with bullish indicators. However, fundamentals of Fed Cut could lead to a large reversal, breaking bottom trend line and sinking below $1400. The RSI isn't showing overly overbought or undersold, so there may be some technical support/resistance from a break out either way. Due to the unknown of how the market will react to what the Fed does, I will be either looking for a reversal of the up trend and short, or if it continues on the current trend and does a quick break even higher, continues on higher highs, and lower lows, I will look for RSI overbought conditions and short there.
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