Prior to the news, there were prospects of a downside extension on the 4-hour chart. However, the news has put a bid into the yellow metal as per the following 15 minute chart:
This could be the makings of a significant correction as per the daily chart, capping Gold's advances:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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Source: FXStreetNews - 🏆 14. / 72 Read more »