GOLD 0.51% $1,391.7 gold futures

What is left in the game so far: The Obamacare saga and the...

  1. 1,247 Posts.
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    What is left in the game so far:
    The Obamacare saga and the french election.
    Tonight, the congress will vote to abolish the affordable care act.
    It remains to be seen if Donald Trump will succeed with his plan which well be a welcoming news for traders and investors involved in Trump trades that started last November.
    If he fails, it will mark the beginning of big correction in the DOW that started last Tuesday.

    Gold has been rising every day and close near the high of each session. The UD dollar is technically on a downtrend on the daily chart (Trump loves that).

    I believe the negotiations may drag on or just pass with a tight margin, or even fails. The market will be watching closely and any hints of lack of support to Trump within his own party will set the scene for future conflicts to achieve his pro gross agenda.

    I strongly believe that $1300 level is on and soon. If not after the congress vote, it will be prior to the French election.

    My 5c worth for the day.

    Cheers, Sydney
 
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