Gold has recovered smartly above its psychological level of $1,700 and also above 50-day EMA after US Federal Reserve’s meeting where the Fed said it was not going to raise interest rate in near future. I believe it is only a matter of time before we break out to the upside due to the central bank liquidity issues around the world and dovish view of the US Fed. Gold has not been subjected to the selling pressure as seen in US Dollars. The US dollar has gotten a little bit of a hit as of late as reopening of economies