GOLD long "U"-turn

19 בנוב׳ 2016

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

20 בנוב׳ 2016

הערה

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.

23 בנוב׳ 2016

הערה

Wow..looks like it did hit 1196. I'm 1 for 1 so far :)

26 בנוב׳ 2016

הערה

$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.