RogerS

Gold NOT Ready to Take off

Short
RogerS Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
I don't believe this spike on Friday !

Mega Daily Triangle blocked by Ichimoku Cloud and Montly Resistance and ready to break ... DOWN.
We might bottom on Full Moon again ;) 3rd December and could push prices higher to our dreamed 1400-1500 mark once US rise rates on December.

Important Dates:
22th November --- FOMC Minutes
29th November --- GDP
8th December --- NFP
13th December --- FOMC Rate Hike (1.25 - 1.50)

Plan your trade and Trade your plan. Trade Safe !
Comment:
After a US GDP Growth Revised Up to 3.3% in Q3, Highest in 3 Years. This week the metals sector could be hit again by another good NFP report on Friday. The last BIG Event before rate hike next week.
Comment:
Triangle broken downwards. 200MA is not even holding.
Soon we'll be able to buy. :)
Comment:
Approaching the area for longs, lets still be patient. Tomorrow NFP. Taking partial profits.

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