You know my view on gold since the top at 1375 (short open at 1373).
My Short Term target is $1171, the 0,618 fibo retracement of the rally started in december 2015.
I'm expecting a high volatil Q4 with the US election in 3 weeks and FOMC decision in december.
I'm studying also since 5 years which helps me to confirm some position on .
So i tried to find some points of interest with / fibo / and News (especially US news, because market is reacting only on US News, the markets don't care about fundamental) for the next weeks until february 2017.
All is in the chart ;)
The completion of this likely could confirm that gold has reached a strong support at 1047$ and will be maybe a good option to buy in early 2017, around $111x
I know this exercice is perillous but thanks to TradingView, i can store easily my setup and reflexion. This will be my roadmap to focus myself on these important date and prices. I'll try to update this idea each month.
Thanks for your support !
P.S : many traders think that if D. Trump wins US Election, this could be for . So if the chart is right, Trump Wins ;)