With both the FOMC meeting and first delivery day of the Novemeber contract happening this week, a beatdown attempt is assured.
The cartel must be ticked that their early morning attempt today has been rebuffed so look out below. Should we get through the next few days without a big down move, look out above.
Sentiment: Strong Buy
As expected. Will probably continue today to put off December contract holders.
What we will do is watch gold struggle again to hold over $1300 while the dollar continues up.