Oh, oh, oh… Gold just took off without even coming near my SL :))) I’m up over 50 points again.
Last night, Mr. Chump spoke and the minutes from the Fed’s September meeting were released… In short, the discussion centered on the possibility of another rate hike this year, with a target range of 3.75–4%.
Gold is getting pretty close now. If the H4 candle closes above 4120, then a break of 4180 could send it to 4300–4400. Those of you considering a gold position, keep that in mind. I’ve moved my SL to breakeven and taken a little profit already.
Last night, Mr. Chump spoke and the minutes from the Fed’s September meeting were released… In short, the discussion centered on the possibility of another rate hike this year, with a target range of 3.75–4%.
Gold is getting pretty close now. If the H4 candle closes above 4120, then a break of 4180 could send it to 4300–4400. Those of you considering a gold position, keep that in mind. I’ve moved my SL to breakeven and taken a little profit already.
