I'm anticipating the FED not cutting rates - this will cause other central banks to cut, which will force the dollar DXY up and gold down. Chart looks like a double-top is forming with momentum sliding.
Again, the only way gold goes up if we start war with Iran which last week looked like it was going to happen. Doesn't look like most of the globe is accepting the false-flag narrative being espoused by necons.
I think the FED will cut in September or December even. At which I see a risk-off happening where people will run into stocks while gold will look lackluster against it.
Were you as surprised by the post-announcement gold boom as I was?
JustinBilyj
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@ChristopherCarrollSmith, no. Quadwitch is coming Friday, along with a rising bearish wedge. If it doesn't go down by Monday, then we are indeed in a whole new ball-game...