Nov 22 FOMC Meeting Minutes and new Gold Trend.

Gold has been trading choppy from 1265 to 1285 for many weeks and it is waiting for a key event to trigger a new long term trend. This new long term trend will push gold to 1350 if gold breaks the 1285 successfully or it will drop back to 1220 if gold is sold off around 1280-1285 zone.

The market is expecting the Fed will raise interest rate in Dec, 2017. If today, Nov 22 FOMC meeting, doesn’t confirm that the Dec interest rate hike, gold will break the 1285 to start a new trend

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