A dec rate hike a near certainty - http://www.cnbc.com/2015/11/19/feds-fischer-on-rate-hike-dont-want-to-surprise.html . When this happens, dollar up and gold down. Nevertheless, still a few numbers to go early next month which could surprise and hold of a rate rise. But stock market been relatively contained with approaching rate rise. In my view, no panic attack is a green light signal to the fed.
Looking to tonight, I expect gold to trade relatively flat. A closing around 1084 should be right on cue. There's not much to look forward to except Draghi speaking tonight. Increased money printing in Europe a near certainty in December. Factored into market. Although the euro may take a small hit, pushing the dollar up and gold down. Or perhaps, a positive report from Japan this afternoon could see the yen higher and euro lower. This could perhaps push the dollar lower, with gold higher.
Bottom line: I'm hoping for a close on gold tonight above 1084. I wouldn't be surprised to see it trade flat. This would complete the 2-3 day rally which I warned about yesterday.
