itSkushSharma
Long

Gold forming a falling wedge

TVC:GOLD   GOLD (US$/OZ)
Support Level 1316, next horizontal support 1308. Resistance 1338. Gold             will need a catalyst to move it up. Possibly OCT             1 china is admitted into the IMF SDR             basket. China entry could weaken the dollar. Next catalyst is a no hike for December. I can see gold             reaching 1400             by the end of Dec if we get no hike at all this year.
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