31 July Wednesday View

Price is trading stable as of now around 32120 (USD 1331.30) level and H4 uptrend is intact. Price absolutely seems to be waiting for outcome of U.S. data and FOMC statement today. If employment and economic data from the U.S. comes out softer than anticipated, with an expectation of prolonged QE, gold may gain further after breaking the for now resistance level 32550 (USD 1349.47), and if not it will be the opposite.

Stay Safe :)