Gold Rate Hike Scare (Selling Continuation) 1300+ Pips [Profit]

Short

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

OANDA:XAUUSD Gold Spot / U.S. Dollar

trendanalysis chartpattern indicator gold goldtrading gme amc goldanalysis sell goldidea thirdeyetraders tradingview

Good day guys! I am still holding my Gold sell. I see this being a possible 2000+ pip move to the downside. We could see a rally possibly forming a rising wedge before continuing to the downside. I believe this push will be the last push in this downtrend before breaking out to new highs. I am a Gold bug and I have been trading metals for 5+ years. I believe in economics and the markets will always win. However, with the Fed stating that there will be possible two rate hikes before 2023, this placed them inside a box they can no longer escape. Once the markets figure out that it is all smoke and mirrors, that is when I see the price of Gold going ballistic. We appreciate you for checking out our post and remember, we will see you on the other side.

Rodrick (CEO)
Third Eye Traders

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