I think most of us longs would agree that today played out the way it should have. No rate hike, gold goes up. Right? The real test is tomorrow and Friday in my opinion as we need a strong continuation of today's action. The range is narrowing now and we need to make a new 52 week high pronto as we're running out of ammunition. If we fail, a break in support is most likely going to happen, and a retest of the 200 MA. I'm optimistically bullish here however, as the market is certainly favoring the bulls after today. At least until November. GL!
Comment:
Party zone doesn't know yet if it wants to go to an after-hour or call it a night...
Trade closed manually