The Fed hiked interest rates in June, for the first time #Fed could lift rates 4-times this year, a typically gold-negative factor.
Gold prices have slumped despite escalating trade tensions and uncertainty over the outlook for global growth as a stronger dollar and higher interest rates have negated any boost from safe haven demand.
Gold prices saw a weekly loss of 1.27%, a decline of 3.75% for the month and a 5.41% drop for the quarter, leaving prices down 4.21% so far this year.
For longer-term i mean the whole year 2018 #XAUUSD bias is short. I don't give advice for SL because you
have to know where your SL should be depending on your position size but for posible EP and TG as well.
KrG NinjatradeFx #YulinFx Twitter
Gold prices have slumped despite escalating trade tensions and uncertainty over the outlook for global growth as a stronger dollar and higher interest rates have negated any boost from safe haven demand.
Gold prices saw a weekly loss of 1.27%, a decline of 3.75% for the month and a 5.41% drop for the quarter, leaving prices down 4.21% so far this year.
For longer-term i mean the whole year 2018 #XAUUSD bias is short. I don't give advice for SL because you
have to know where your SL should be depending on your position size but for posible EP and TG as well.
KrG NinjatradeFx #YulinFx Twitter
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