warsawrising
Short

Gold hits two-week low on U.S. rate hike prospects

FX_IDC:XAUUSD   GOLD / US DOLLAR
23 0 2
* Gold             could touch $1,320 per ounce -
Aug 22 (Reuters) - Gold             fell on Monday to its lowest in nearly two weeks as the dollar strengthened after comments from U.S. Federal Reserve officials increased bets on a U.S. rate hike this year.
Spot gold             XAU= was down 0.6 percent at $1,332.80 an ounce as of 0642 GMT, after touching a low of $1,331.35, a level not seen since Aug. 9.

http://au.investing.com/news/commodities-news/precious-gold-hits-two-week-low-on-u.s.-rate-hike-prospects-38896

short until it hits 1320             then re-asses

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