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Gold Price Below $1,800 After Fed’s Rate Hike Overnight

Started by forex4you, Dec 15, 2022, 04:13 pm

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Gold Price Below $1,800 After Fed's Rate Hike Overnight

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


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