The shiny yellow metal trading with full bear potential, which is meant to be limited as FOMC scheduled later at 2:00 NY Time. Potential Areas: $1186 $1198
Tradings are recommended to be taken with breakout strategy to either direction. Along $5 of stops. Positions to be hold till LME session the next day.
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Here, $1198 potential area as been captured to encounter till $1180, the shiny metal is setting up the fuel to ride bull where hurdles will be held at $1186 itself and $1192. Continue..
Plan B consists of taking some long positions with every $4 of price drop. Stop Loss can be positioned @ $1171.