Gold has come back to retest the broken uptrend line and the first warning line (WL1) of the major red descending pitchfork. Is traded above the $1312 per ounce and could climb much higher if the USD will drop further after the FOMC. A minor consolidation above the WL2 and above the $1303 per ounce will signal another rally towards the 250% Fibonacci line, despite the breakdown below the uptrend line.
