ReadyInsight
Long

Contrarian on $GOLD ahead of "sure thing" FOMC rate hike

TVC:DXY   U.S. Dollar Currency Index
I am long $GOLD before the rate hike next week. It is clearly still trending as a safe haven for a falling $DXY . The behavior in February was contrarian with the hawkish news from the Fed wanting to raise rates aggressively in 2018.
thanks for sharing this, I am more towards the bullish side if support at 93.7/94 holds :
+1 Reply
@FXTM, good chart and idea. That holds in line with what I am thinking as well.
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