Bear flag in GOLD?
There is a possibility that the FED will come out and raise rates Tomorrow during the emergency meeting. With the bear flag currently forming, I would say it's highly probable that they WILL raise rates on Monday during emergency meeting... This is not to say I am bearish on gold. I am extremely bullish on gold long term. But in short term I am bearish. If you want value it might make sense to wait and see if the bear flag plays out.
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