2018 could be an interesting year for gold, especially if the Fed continues its monetary policy, and in this case, the correlation between interest rate hike and uptrend, triggered by December 2015, seems to be interesting. If we look at EW chart on daily time frame, the movement after every rate hike, has always triggered a major rally, and this correlation could continue in 2018.
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Have a nice weekend!
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still in bullish trend...
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Gold is in a strong bullish trend! Tomorrow will be a key session!
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The rising dollar index is continuing to push liquidation in gold. Gold is not always the safe-haven asset, especially when interest rates are rising quickly..
but when should we suggest an entrance? right now???
RenatD
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In my opinion, each rate hike can be interpreted as possible inflation increase in US, which can be said, Inflation also effects gold price in positive way. In order to enter the trade, investors should wait for the rate hike.
TheAnonymousBanker
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@RenatD, 100% agree. Thank you for your contribution!!
Sharecrazy
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Thanks and have a Good Weekend yourself .
cacus
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Finally somebody making some sense out of this. Simpler as f***. I agree. Thanks for sharing!