Markets

Gold rallies despite FOMC statement

Bullish signal from gold

The only thing better than a market holding a strong trendline is when it's held on news that might have otherwise broken it.

Gold is up $12 to a session high of $1333 in the aftermath of the Fed decision.

I don't think there's anything screaming to buy gold now but this should offer some comfort to the bulls.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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