We can see interesting action from gold following FED rate hike.
Unlike last time when FED hiked rates, gold remained strong and actually recovered fast enough, even with hawkish FED statements.
Is it because FED is "hiking into weakness" of data or something else, I will go long until my 1stTP at which we must watch action at those levels.
If data USA data remain so soft as we can see in recent months, break out of bearish trendline is possible and Brexit gold price is in play.
Unlike last time when FED hiked rates, gold remained strong and actually recovered fast enough, even with hawkish FED statements.
Is it because FED is "hiking into weakness" of data or something else, I will go long until my 1stTP at which we must watch action at those levels.
If data USA data remain so soft as we can see in recent months, break out of bearish trendline is possible and Brexit gold price is in play.