Gold: Post-FOMC Outlook

16 thg 12, 2016

My last post here on Gold (see Quick Take: Gold: Pre-FOMC Outlook), I predicted that we would see it drop again. Here's the chart that showed this pre-FOMC:

I also showed you how having predicted, projected, making a trading plan and TRADING that trade plan based on my projections and the many wave count scenarios that I worked hard on coming up with, I and my members were able to rack up over +2800 REAL pips! (see this post:

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Well, we just added another +329 pips to that count and now have pocketed over +3000 pips on Gold in the past few months following my pre-FOMC prediction. But now that it has done what was expected, what now?

The chart that you see is showing what I believe is the tail-end of that amazing drop started from more than 4 months ago. From here, we could see a nice bounce as prices complete a large POTENTIAL Cypher pattern and also reach the MAJOR DT TL below. That area should provide some strong resistance.

PM me for longer term projections.