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XAUUSD Gold Forecast and Technical Analysis Sept 22nd

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

The FED announced Wednesday that they would, in fact, implement one more interest rate hike in December. However, just as importantly, they announced the initiation of their process to liquidate the massive $4.5 trillion balance sheet as early as next month, with the initial liquidation of $10 billion.

And GOLD prices dropped below 1300 USD for the first time since September. In fact, over the last two days, gold futures have lost over $20 per ounce and are currently trading at $1296.

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This article was written by Emre Tutucu for https://www.fxters.com/xauusd-gold-forecast-abd-technical-analysis-sept-22nd/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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