papeeeboy
Long

GOLD AND RATE HIKES

FX:XAUUSD   Gold Spot / U.S. Dollar
Clearly gold manages to move higher during rate hikes which is odd because higher interest should equate to higher dollar.
I dont ask questions though i just look at price action.
I think with Wednesdays rate hike we should see gold rally to 1400+ possible 1500.
We might see a small pullback but overall i think all pullbacks will be very well supported.

GOOD LUCK!

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Share your thoughts!!
interestingly, even numbers had rally straightaway while the odd numbers have some pull back of upto $50 then rally up..
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@sghan, interesting observation
thanks!
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