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papeeeboy
Mar 19, 2018 6:27 PM

GOLD AND RATE HIKES Long

Gold/U.S. DollarFXCM

Description

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