I update Gold 1. The current price suddenly drops, close < 3398 then consider it false. Basically, I have discussed the 3411 milestone for a while now, consider it done. If it is false, then watch for short, reference price 8, price will return to 75 - 65. If you want to buy, you need to buy around 58-62, even 45 guys!! 2. If the price suddenly increases again after 8am, then watch 3422. Pretending the price suddenly drops < $3411 is also fake. Play similarly
Although Gold increased sharply yesterday, the basic support story is also good, but the most important point is the short-term price momentum. Understand that 3400 is an extremely important price threshold, because if it breaks this, it will create a new ATH. So the market will need to see the immediate problem big enough to actively smash this threshold.
but the short-term story currently has only 2 things
1. FED cut-rate or launch QE, this needs to wait until June 18 to know, but now no one dares to guess because the FED has been caught many times
2. The deal is good but US-Iran this weekend is false, then consider Gold GAP increased next week and the price will increase all over. But the failure rate is not high, because Trump has evacuated people, so what is the plan of Iran now? Want to play the good game?
Therefore, the price trend is easy to increase/decrease erratically and keep the rhythm. In general, I don't think so I FOMO this part, it's disgusting!
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