Technician: Gold’s going lower, and here’s how I’m going to cash in

The possibility that the Federal Reserve could raise rates as soon as next month has pushed the dollar higher, hurting commodities and leading some to question whether gold’s great 2016 run is over.

“It looks like they’re serious this time about raising interest rates,” said Todd Gordon of TradingAnalysis.com. “If that’s the case, we’re going to continue to see the dollar rally and commodities, specifically gold, sell off.”

But Gordon has a bearish trade that takes advantage of the inverse relationship between the dollar and gold.

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