Gold is looking vulnerable
​We are bearish of Gold.Â
The weekly chart shows a confirmed bear trend.
Fundamentally, as Trump begins to roll out his policies, we think others will become bearish of Gold too. The Fed holds its FOMC meeting next week and a rate hike is almost certain. But watch what they say in the policy statement: any hints of a more aggressive policy stance will feed directly into the Dollar and weigh on Gold.
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