Goldsignal75

XAUUSD (GOLD) 4H Chart

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold continues to trade lower after hawkish FOMC meeting minutes. The Fed meeting minutes signaled for an earlier rate hike as expected. The 10-year yield hits 1-1/2 month at 1.71%, the highest level since October of last year. The spread of the omicron virus in the US is preventing the yellow metal from further sell-off. It hits a low of $1798 and is currently trading around $1800.75.
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.