Gold has been on a parabolic rise and now with the FED rate rise we could see a sell- off.
On a four Hour time frame, we have a Bear flag and if this structure breaks we could go down further.
Initial interest rate rises have been like kryptonite to Gold previously and I expect if the current structure breaks potentially a re-test of the rising trend line.
See Weekly Chart Linked below
On a four Hour time frame, we have a Bear flag and if this structure breaks we could go down further.
Initial interest rate rises have been like kryptonite to Gold previously and I expect if the current structure breaks potentially a re-test of the rising trend line.
See Weekly Chart Linked below
