$GOLD down 0.7% after Fed hiked and Warsh went hawkish. Rate hike odds for next meeting climbing. If markets believe Fed's serious on inflation, gold demand drops.
Give it 24 hours—overnight reversals happen. Watching $4200 support next. That's a potential long entry for swing traders, but I'd say 50%+ chance we go lower. $3900 still in play.
Holding my small long for now. Won't touch it until structure shifts clean.
Give it 24 hours—overnight reversals happen. Watching $4200 support next. That's a potential long entry for swing traders, but I'd say 50%+ chance we go lower. $3900 still in play.
Holding my small long for now. Won't touch it until structure shifts clean.
