AlgoVenture

Gold Shall Extend Losses

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
A revisit at 1900 is probably not too far away.

At current price, gold price is still considered to be near historical high and that's not attractive to investor at all.

Although the Fed had signal some reluctance to raise rate further this year, inflation remains stubborn and started picking up the moment the Fed halt its hike.

Meanwhile, watch out for pullbacks, around 1950, to sell the gold towards 1900
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