Gold is looking more and more bearish recently, after the past 2 weeks when we saw a bull run despite the HTF bearish bias. That resulted from positive economic news, giving investors the belief that the Feds could raise interest rates by 50bps - as opposed to 75 bps - the next rate hike. But recently, the probabilities are shifting back to a 75 bps rate hike and today this is showing in the bearish price action - but will it hold? I am anticipating a bearish 4H candle, to fill the clean range below.
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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.