I said we are going to 1180 or even lower two weeks ago, where gold is still at 1225.
And now gold just touched 1161, if you started to short Gold at 1275, now you are a big winner!
Back to the topic, i still think Gold has potential to move down a little bit. The USDOLLAR will stay strong before FED raised the ...
From my last post, i explained my idea about the DXY, and i think USDOLLAR will go higher very soon.
Also, FED will add the rate on December.
Gold might bounce back a little bit, then we will go to the new low.
I will short the pull back and look Gold to 1200.
Today, USDOLLAR reached it's 13 years solid top again. And it seems like that it will break the resistance and go higher very soon. Also, Fed will add the rate on December. For short term, I look DXY to 107-110.
Last night, Trump was voted as the next US president, the gold price just like a rocket, but it comes back after few hours. Not only the gold, S&P and USDOLLAR are also bounced back to their previous position (even higher!). I insist that the US election will not have a great impact on the market, also FED will ...
GOLD stopped at 1276 for twice this week. if we have a breakout at 1276, i will long GOLD. If not, we may drop to the previous low. Also, Nov 2 (Next Tuesday), FOMC Rate Decision will be very important. Now USDOLLAR reached its solid top, let's see if it will have a big correction.