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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Thank you for support and trade with care!
Nota
Have a nice weekend!Nota
still in bullish trend...Nota
Gold is in a strong bullish trend! Tomorrow will be a key session!Nota
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..Nota
![[GOLD] POTENTIAL PULLBACK IN SHORT TERM](https://s3.tradingview.com/x/xKcoBZZf_mid.png)
Nota
Tomorrow will be released FOMC announcement....
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.