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Gold Under Liquidation Pressure Before Fed Move

Published 05/31/2018, 11:09 AM
Updated 07/09/2023, 06:31 AM

Since my last analysis on the movement of gold futures, I find that gold's longer-term outlook looks more bearish because of growing geopolitical interference in the economic world. The upcoming Fed move will not bring good news for gold bugs. No doubt that the short-term moves may once again be a part of consolidation at current levels before moving downward in the upcoming weeks. To understand the following charts, check out my

Daily Gold

4-Hour Gold

Gold Futures 1 Hr. Chart - Scientific Study Of Comparative Moves

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