This is a follow up to this previous post- https://goldtadise.com/?p=385402 to try and show some similarities in the current set up and the lead up to the Oct 28th 2015 Fed meeting. In this gold chart you see a series of Fib, Fib twin, and Lucas series numbers leading to the 28th.

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In reviewing this time period I did notice something that I didn’t pick up on in the past. GDX bottomed 55 bars after the 10-28 fed meeting and the election falls 377 days after the 10-28 meeting.
Also note the 21 day decline(21 day and 21 bar Advance/Declines are common) after the 28th.

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In this chart you can see the Fibonacci fingerprints even more prominently leading up to the 8th and 9th. Usually when I see this kind of activity pointing to a certain date then a violent resolution will be arriving on that date. In this case the 9th. Also take note that the GDX has a low on the Oct 11th, if you add 21 bars to that you get Nov 9th. If resolution comes to the downside then you might expect a 13 bar or 21 day decline to Nov 28th or the 30th with an outside chance it doesn’t bottom until 12/16. This would also sync up with a 21 week correction in Gold from the 7-6 high. But that’s all speculation if price chooses the downside, it could go up but this move up feels kind of corrective. I expect the true move to launch on 12/16. I hope this makes a shred of sense but it’s kind of hard to explain.

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