Long Gold - It may be a bottom in $XAUUSD
Pros:
- bounced from a good support level
- Fed is flipping and slowing the rate hikes.
It MAY BE the bottom the gold traders have been waiting for for a very long time.
Cons:
- Interest rates are still going up and may put some pressure on Gold
- bounced from a good support level
- Fed is flipping and slowing the rate hikes.
It MAY BE the bottom the gold traders have been waiting for for a very long time.
Cons:
- Interest rates are still going up and may put some pressure on Gold