The bias remains bullish as long as it stays above the uptrend line. The fundamentals should drive the rate today. Testing and retesting the uptrend line could announce a new leg higher. The gold price dropped overnight after Fed hiked 50bps to 5%. The metal is trading at $1,792 well below Tuesday’s high of $1,824. … Continued
The post Gold Price Below $1,800 After Fed’s Rate Hike Overnight appeared first on Forex Crunch.
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