Forex Trading Library

Gold Edges Closer to $1600!

0 370

Gold has seen another decline as bears gear up for another test.

Not only do we have the NFP data at the end of this week, but the Fed will most probably announce another rate hike.

With risk aversion being a key figure with the yellow metal, are we looking at another test towards $1600 before the week is out?

Timestamps
XAUUSD 01:45
XAGUSD 03:00

 

Test your strategy on how gold will fare with Orbex - Open your account now. 

Leave A Reply

Your email address will not be published.