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GOLD: The Short-term Structure Looks Bearish

Fed hawkish policy to fight inflation is putting in a high on GOLD. It's also about the speculation of how many hikes may happen this year. However, if FED will suddenly turns out to be less aggressive then this will quickly stabilize the gold prices, but for now, it looks like the current tone will not change so metals have room for more weakness.

At the same time I am also looking at DXY that is trying to break out of a triangle and towards 100 level.

Have a nice trading week everyone.

Grega