AvisCheung
We studied the trend of gold after the PCE price index report release in the past Specially from 2017 to the present, we found that after the data was released , gold have 2 ways big probability to move i) gold had a higher probability of increase in that day until the market closed (same day) 63% ii) if gold not go up that day , it will continue the decline...
its good to buy on the deep 1208-1213 area , targets 1239-1243
1213-1216 is the best area for long gold gold opportunity ! enjoy !
dollars will be more upside as now forming a triple bottom and try to get back into channel
gold 4 times try to being upward but failed middle of Oct ,we may see gold more down side .. retest and touch the down line during Nov .. @1130 near strong support .. and break out upside
1160 first low create 5weeks before the hike rate on 27sept i think that gold will be drop to 1130-1100 area 5 weeks before Dec hike rate too after that we will see a big rise
Daily chart in Gold , waiting the inside bar breakout next week follow the trend to buy/ sell big chance for the sell side
History keep repeating , Short Gold before FOMC meeting I expect a big drop next 2-3 weeks to zone 1160-1100 Area
Keep Short gold before the FOMC meeting , im expect Gold may have a Strong drop in a few days to 1160 -1100 area