Barrick Gold Swing Trade Opportunity
Barrick gold -0.45% is evolving into a nice parallel channel . There is also a divergence between price action and the oscillator. That is why I would tend to be bullish on a swing outlook. However, the gold 0.83% market is still down. At least, we now have the Fed's decision on interest rates. Keep in mind that unemployment is at historical low in the US and wage growth is also at its fastest in 9 years (Financial Times). The Fed is obviously going to continue increasing rates. However they might surprise investors on the pace they do it at.
Watch the news carefully and trade safe.
Watch the news carefully and trade safe.
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