Hi Guys!,
In my opinion, gold (currently bearish) will head lower to $1190's (short-med term)
and then to the $1180's once Yellen announces a rate hike early Dec. (Which I think will happen)
Long after she hikes, will head back to the uptrend channel and ride it back to the $1300's+.
Yes, I'm a novice and open to any criticism.
My first published idea. Enjoy!
Regards,
Will
In my opinion, gold (currently bearish) will head lower to $1190's (short-med term)
and then to the $1180's once Yellen announces a rate hike early Dec. (Which I think will happen)
Long after she hikes, will head back to the uptrend channel and ride it back to the $1300's+.
Yes, I'm a novice and open to any criticism.
My first published idea. Enjoy!
Regards,
Will
Comment:
Take note of the YTD RSI...its heading to the bottom..same exact RSI movement alike to last November. History repeats itself, I honestly think this pattern will suffice in the long term.
Comment:
Wow..looks like it did hit 1196. I'm 1 for 1 so far :)
Comment:
$1180's...o_O..There is a chance that the rate hike is priced in already. It wouldn't hurt to go long now at your own risk.