Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
In a previous article named, “FxWirePro: Our long call in Franc under threat (call review)”, available at http://www.econotimes.com/ dated 21st October; we issued warning against out long call to “Sell dollar against franc at 0.985 and at rallies with stop loss around 1.033 and target around 0.9-0.895 area”. We suggested that the long call is under threat from the dollar bulls and franc bears, and we also forecasted that the franc might weaken to 1.078 per dollar, though refrained from any fresh positions.
With renewed strength in the US dollar after Donald Trump’s victory in the US election and an upgrade to interest rate forecast from the US Federal Reserve this week, we are ready to revise our call to the upside, though the stop loss is yet to be taken out.
According to the new forecast, we recommend going short on franc against the dollar at the current rate of 1.028 and at dips with the stop loss around 0.96 area, with an initial target around 1.08 area and an extended target of 1.142 per dollar.
