The Fed Meeting Resulted in a Green Reversal Candle

Gold is getting it close to 18 hundred again. Do you think this could be a meaningful turn? Well, let's step back and look at the big picture. This chart was looking awfully darned bearish until the fed meeting. And what we got was actually a hawkish move from the fed but not as hawkish as the market expected. That resulted in some relief and a nice green candle.