Learn-2-Trade

Gold 1 Hr Chart After Interest Rate Decision

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
With uncertainty about where the dollar index is likely to go i believe investors are looking to buy Gold as a safe haven until, on the hourly chart i can see a sell off from the recent spike is likely to hit the 0.382 fib at 1221 until we see more buyers come back in.

Trade Signals from Learn 2 Trade Telegram Channel t.me/learn2tradenews
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.