Gold closed at major resistance.

Gold squeezed shorts post FOMC decision today into the pit close, leaving the instrument at key resistance at the 1360 level. Bulls are watching the 1375-80 level and a clean break of this level could put the 1400 level into play almost immediately as this is the high from July 2016. RSI is overbought, but we have been much higher than current levels in the past.

Gold at major resistance

Blake Morrow