- Gold Trading | September 9, 2016
Gold prices corrected gently lower after testing trend line resistance set from early July. Near-term support is at 1333.62, the 23.6% Fibonacci retracement. Fed officials may rekindle volatility via bits of guidance before the pre-FOMC meeting blackout period. Hawkish overtones may boost rate hike speculation, boosting the US Dollar and weighing on gold prices.