Since my weekly target of 1150 had been reached, I think it is necessary to check the market again.
14 trading days in Nov. 11 up with 8 historical highs. This is the transcript of Gold. (Per stockcharts, today is the 3rd black day. Actually today COMEX recorded slight gain for gold.)
Today, mixed econ data pushed $, and beat gold down to 1129. but gold still managed to close above 1140.
Considering Friday, and possible uncertainty over the weekend, I will trade the range of 1130-1150, and I will hold a small long position over the weekend by sell couple puts.
Again I still think we will see 1200 this year, and very likely early Dec.
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