Quick Take: Gold: Pre-FOMC Outlook

Only 15M before the FOMC release and this is how I see Gold headed. It is now forming an ED in the ending of the wave v of 5. It should head on down and hit the MAJOR DT TL which should offer resistance and should bounce from there.

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For anyone who decided to take me up on my advice, now would be a good time to move your stops to lock in some profits and protect against a reversal! I already have done so although I do expect it to drop even more! Enjoy the PROFITS!