I am convinced that the US Fed Powell speech will point to some signs of strength in the US economic data -
 
Thus a more Hawkish tone, lifting the USD.
 
That being correct, should see GOLD jolt lower to $1,480 before market close this week.
 
 
 
*Sell*
Gold
$1,500
 
 
Target
$1,480
 
Stop
$1,520
 
**Remember, the US Inflation &amp; retail sales data were both GOOD results last week - so Fed Powell can lift the USD, hurting Gold.

Gold to $1,480

Dec 01 2020

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