sisse, actually on gold im not sure. I played the flow down but did not jump the gun on FED up. And Im not sure what ST outlook we have. I think you did not change it officially but pointed that gold is now gonna be in ST chop and mostly price driven by inflation and not rates. So that hints on neutral outlook, no?
Here are some screenshots. I agree we gonna set the Q1 swing low but from the price now I still think the downside in the ST range is open.
Or in other words TA is poining to setting a new swng high on M1 (see chart) and that would put us into the ST chop. So TA I think its pointing to ST chop.
Of course, FA prevails, but as I said not sure on that status.
Here are some screenshots. I agree we gonna set the Q1 swing low but from the price now I still think the downside in the ST range is open.
Or in other words TA is poining to setting a new swng high on M1 (see chart) and that would put us into the ST chop. So TA I think its pointing to ST chop.
Of course, FA prevails, but as I said not sure on that status.
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