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The price of Gold continues to channel, as prices have failed to breakout to a new significant high or low ahead of tomorrow’s FOMC rate decision.

Dow Jones Industrial Average continues consolidating its recent all-time highs. This consolidation appears to be a technical correction that is anticipated to be shallow.

Dow Jones Industrial Average continues consolidating its recent all-time highs. This consolidation appears to be a technical correction that is anticipated to be shallow.

The GBP/USD is trading in a 97 pip price channel ahead of today's U.S. Consumer Confidence release.

The GBP/USD is trading in a 97 pip price channel ahead of today's U.S. Consumer Confidence release.

The AUD/USD is trading in a 65 pip range after printing a new weekly low at .7452.

The AUD/USD is trading in a 65 pip range after printing a new weekly low at .7452.

The USD/JPY continues to trade higher, and is approaching daily trendline resistance at 107.00.

The USD/JPY continues to trade higher, and is approaching daily trendline resistance at 107.00.

Dow Jones Industrial Average tacked on another close to all-time highs yesterday. The daily moves have become less extreme over the past week as the market is digesting its gains near measured wave relationships.