I expect a sharp drop in the gold price to the liquidity that has been building up for some time now. But before that happens, I'd like to see a rise to the 1730.00 area - hunt for the stops.
Note
FED just raised its interest rates by 75bps -> increased volatility
-> Question for readers: Do you know of any evidence for the negative effect of interest rate hikes on gold prices? Please Contact me.
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