C1X

XAU/USD BOE Interest Rates

Short
C1X Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Bank of England significantly raised their interest rates by 0.50 basis points, exceeding expectations of a 0.25 basis point hike...Should fundamentally see gold decline, caught a nice entry, got out the previous long I posted. Possible reentry above if market makers decide to push up, lot of liquidity...
Comment:
Had a technical analysed buy position I posted, however with news the bias flipped and caught the sell down !

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.