EXCAVO
Short

Gold

OANDA:XAUUSD   Gold
1070 6 53
If Federal Reserve System Interest rate rise in december gold             will go down. If no up.

Comment:
GOLD
Comment: are you remember?
Last time they raised interest rates gold went up like crazy, how do you explain that?
Reply
@Pwnzeye, I used to follow fundamentals until I discovered elliott waves, but i only follow interest rate for perfect entries. my analysis tell me it will go down to 1170 then up
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Pwnzeye ThatoTumelo
@ThatoTumelo, Fundamentals are important in the long run and technicals in the short term, that how I go about trading :)
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@Pwnzeye, How lol I don't even look at news. Markets move in cycles of 3,7,11(correction) and 5,9,13 trending. Count waves and swings. Look at my dollar index we have 7 swings, it can also extend to 11
snapshot

Reply
How about before the Fed meeting?
Reply
EXCAVO TOP KeyTrade
@KeyTrade, i think next week little consolidation, after more down. Because there is innuendo in gold
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