Gold is back on it's main trend. Will it hold out this time?
My previous idea worked almost perfectly, but after the Fed meeting, further growth in gold remains in question. Nevertheless, the chart shows a very strong trend + small local support around $1740-1750. If the price moves below this mark, it will most likely move to $1670. However, in this case, I will slightly reduce the risk and use only 2/4 of my usual size for gold. Buy @ $1740-1750, SL $1725, TP $1800-1860-1900.