FX:XAUUSD   Gold Spot / U.S. Dollar
111 2 1
1147$ as target for the year end
i'm out of gold for the moment. Not clear for me. took my short and long profit before NFP on friday.
Next, i have a short point @1286$. Waiting is a way of trading ;)
My thought :
FED will NEVER tapering !! They'll continue to purchase T-Bonds, no way to escape. So what ? Gold to the roof ? well, value of paper fiat currency is near 0, and gold still under pressure. This market is manipulated like it never was. We have QE1 / QE2 / QE3 / QE4 and gold decline since twist operation. No matter what does the FED, gold paper will drop untill the economy stay in deflation. If you trust in gold, buy physical and short paper. That was my thought, and sorry for this digression ;)
if the Fed doesn't taper this month, prepare for the D point on your chart to be erased with the roar of a 1,000 skybound rockets ;) target = 1,300
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