Everybody seems to be bullish on Gold especially gold-bugs who are celebrating now. Why? Simply because of sentiments or emotion –they all think that The Fed is not capable of raising interest rate. In other words, there will be no interest rate.
I am sure they all are dead wrong! Gold will plummet below $1000 by the first week of December.
Yes, on short term basis, Gold can enjoy the counter-trend rally to 1170-1190 or higher before the next big dive!
Click the chart below to read: