The FOMC December meeting is putting so much pressure on PMs that once it's over, PMs will bounce no matter what decision FOMC makes.
This will be very similar to SPX500's behavior before election. Once the uncertainly was over with election, SPX rallied hard, no matter who won.
This will be very similar to SPX500's behavior before election. Once the uncertainly was over with election, SPX rallied hard, no matter who won.
Note
This idea is in trouble now. Gold might see $1100 or even low next year. However, I still think gold is due for a bounce, at least temporarily, in the next 1-3 months. Maybe a big catalyst will be Trump's big spending plan...
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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.