Good morning from here. After a couple of boring weeks, markets have begun to see some portfolio balancing and therefore instruments trying to break out of their recent range. XAU in particular had a big drop on Friday possibly because of the US holiday. The next 2 weeks are going to be decisive as far as taking a clear direction towards the end of the year is concerned.
I still would expect good selling for the next 4 weeks aiming for the multiyear trendline that has been building up since 2015 which stands around 1201 as of today.
Disclosure: I went short @1276 SL @1286 TP @1201 however I will be assessing market momentum everyday at the COMEX close.
Ohh really Sir,,, coooooll thanks
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