FUNTRADER-Vera
Short

2509 GOLD update before FOMC

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is still stay inside the big blue channel.
Even though it rallied up one month ago when it hit 1173, it still cant break the blue big channel.
That makes it dangerous becoz sellers are gathering together again and buyers are losing confidence.
That small gold channel is considered as broken.
It will get me no surprise if it drop down from 1212 and make a retest of 1173 or lower position.

Less is more!
Comment:
Comment: What does the chart above says?
1060 is possible in the next 2-3 quarter, thats 6 months or 9 months.
THANKSGIVING month is coming soon. The best choice is half year signal.
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Great Call...
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thx now going short won't be late ?
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no commitment either way for au for 25 trading sessions, approx 20 dollar channel. A tight channel usually results in a fast break one way or the other.
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Tks..good insight..
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