We bumped up to a session high of $1735. Looks like a macro fund wanting to be long into the FOMC.
More than any other asset that might be on a retail trading platform, gold will be straight-forward today. QE3 and it will race toward $1790. No QE3 and it will fall at least $50 and probably back to $1640 in the coming days.
I look for stops to build below $1724 and above $1747/50 prior to the decision.
