Gold against the US dollar (symbol ‘XAUUSD’) is trading in a bull flag formation with the bulls keeping strong for the time being but volatility is deflated in the recent sessions. Price had a sharp increase in the beginning of November mostly due to the underperformance of the US Dollar and resumed the downward movement again on the 16th of November when the greenbuck started making some gains. ‘Latest market expectation for the FED meeting on 14th of December is a double hike at an estimation of 70%. This might not be very good news for the dollar resulting in making gold less expensive for other currency holders ... (full story)