ReadyInsight

Contrarian on $GOLD ahead of "sure thing" FOMC rate hike

Long
TVC:DXY   U.S. Dollar Index
I am long $GOLD before the rate hike next week. It is clearly still trending as a safe haven for a falling $DXY. The behavior in February was contrarian with the hawkish news from the Fed wanting to raise rates aggressively in 2018.
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