williamng70

GOLD long "U"-turn

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OANDA:XAUUSD   Emas Semerta / Dolar A.S.
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
Komen:
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.
Komen:
Wow..looks like it did hit 1196. I'm 1 for 1 so far :)
Komen:
$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.
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