Long term TA supporting my opinion of Gold being bearish ahead of the interest rate increase cycle.
November & December FOMC meeting will set the tone.
Caution against Italy's referendum on December 4th -
Likely to close short before hand and re-take ahead of the December FOMC meeting.
Second probability with no rate increase and a dovish guidance will remain short with market stabilization.
Reinstating my thesis of $100B's in "safe havens" to be pulled out to put in play in the market.
November & December FOMC meeting will set the tone.
Caution against Italy's referendum on December 4th -
Likely to close short before hand and re-take ahead of the December FOMC meeting.
Second probability with no rate increase and a dovish guidance will remain short with market stabilization.
Reinstating my thesis of $100B's in "safe havens" to be pulled out to put in play in the market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.