frxpreneur
Long

Be patience, GOLD still in consolidation

FX:XAUUSD   Gold / U.S. Dollar
147 2 2
Wait for fifth wave to finish then look for buy setup
All depends on if Feds raises Rates or not on Sept 21. If feds raise interest rates, Dollar will have value short term, Gold will do a pullback because of market sell off in the mining sector. But raising rates will hurt corporate earnings; thus we will see substantial market sell off. This would create a domino effect, hurting the chances of Hillary becoming a president. If feds don't raise rates then we have at least 2 month of Gold bull run, since the next fed meet is in December. I am confident that the Feds won't raise rates before election. Right now the chances of rate hikes is at 11% and December is now 44%. Next week we might see some side ways action possibly lower around 1307-1300. But after Yellen Speech of no hike, I expect a surge upwards in Gold price, and gains in mining sectors.
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frxpreneur itSkushSharma
Agree, thanks
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