I think Gold is going to retrace to make a HL. As long as Price is above 1873, go long is valid. If price goes below 1873, stay sidelines because market is undecided on direction. The later has more probability to happen via US Election. GL!
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DislikedQuestion, to boost my knowledge-how does RBA's rate decisions impact gold, if any?Ignored
DislikedI think Gold is going to retrace to make a HL. As long as Price is above 1873, go long is valid. If price goes below 1873, stay sidelines because market is undecided on direction. The later has more probability to happen via US Election. GL! {image}Ignored
DislikedNow selling at 1895..... but might only test the trendline........ {image}Ignored
DislikedBulls still look strong on Gold, looking toward a retest of the 60 mark and distribution/accumulation before any changes in momentum. Congress is still divided = less chance of stimulus = dollar bulls. But, seems that Fed want a cheap dollar to attract FDI and boost exports to help inflation rise. Pretty conflicted situation for the Dollar so I would expect a range on the greenback until january, for Gold a range too. but staying above 1900.Ignored