Gold price at risk of dropping.

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Gold could be heading down to lower levels following a hawkish Fed. $1215 is a good target to start buying again. The only risk to the upside is North Korea.

Well.

I dont get it...

Isn't the Gold price always at risk of dropping ?

Isn't that what makes the markets work ?

Marco vd Heijden:

Well.

I dont get it...

Isn't the Gold price always at risk of dropping ?

Isn't that what makes the markets work ?

What I mean is the only factor that could cause Gold price to move higher is North Korea missile threat. Otherwise Gold price will drop lower.

Do you own a crystal ball ?

Marco vd Heijden:

Do you own a crystal ball ?

Gold price always drops when the US federal reserve raise interest rates. And at the last FOMC meeting Janet Yellen was very hawkish.
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