cpatel4

XAUUSD quick dip and rip to complete 2022?

Long
COMEX:GC1!   Gold Futures
Market looks incomplete with possible fed "pivot" or reduction of rates from 0.75 to 0.5 BP in next weeks DEC FOMC.

Dollar DXY retesting its 200 day moving average from underneath. I like the prospects of dip into 0.618 of recent impulse to 1752-1757 range on GC futures; subsequent buy to -0.27/-0.618 (1853-1891). should be an easy trade until end of year. NULL if 1750 range is lost.
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