GOLD, Gold and XAUUSD - page 17

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Dmitriy Skub:
So, what? Has it gone down yet?)

No, of course not.

So where to pick up the stakes?
prostotrader:
So where to pick up the stakes?

Have they closed in time? Will gold continue to rise?

Mikhail Simakov:

Have they closed in time? Will gold continue to rise?

Whether it rises or falls will depend on the Fed rate (now 2%).

We need to watch the USD_INDEX three weeks before the Fed meeting (expectedon December 11).

If they lower the rate, we should see 1570 - 1580 per troy ounce.

and I bought
Mikhail Simakov:
I did.

So you wanted to sell.... :)

Added

The Fed cut the rate to 1.75% on 30.10.2019, doubtful they will cut it again on 11 Dec.

I.e. likely to be 1525 - 1530 soon.

On the other hand, Trump needs a cheap dollar, so the USD index needs to be watched closely

Buy 1470, target 1520
Comments not relevant to this topic have been moved to "FOREX - Trends, Forecasts and Consequences 2019".
Vladimir Karputov:
Comments not related to this topic have been moved to"FOREX - Trends, Forecasts and Consequences 2019".

Can we open a topic - Stocks - Forecasts and Trends ?

prostotrader:
Buy 1,470, aim for 1,520.

a little early to buy. 1520 is too ambitious. 21-22 can be sold again

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