Rumors about a Fed pause in December have triggered a pullback in the S&P 500 index. As a rule, investors often sell gold to meet margin requirements on stocks. Let’s discuss this topic and make a trading plan for the XAU/USD.
Major Takeaways
Gold slipped against the Fed’s cautious stance.
The Fed may cut interest rates in January rather than in December.
Central banks continue to purchase gold.
Short trades on gold can be opened on a decline below $4,000 and $3,920.
Weekly Fundamental Forecast for Gold
After sagging amid the flight of speculators in October, gold made a titanic… Read full author’s opinion and review in blog of #LiteFinance
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