Level for $GC into tomorrow. NFP print and the first set of labor market prints for the new Fed chair.
Leaning bearish into tomorrow. Full write up in the comments.
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Playbook on $GC for tomorrow is more downside.
- US Iran back and forth continues, headlines get faded
- Markets waiting for Labor market data Friday
- The longer the strait remains closed the longer inflation expectations will stay higher
- Sellers are in control
Full write up in the comments
JOLTS tomorrow and the path of least resistance for $GC is down.
- 4500 is the main level
- If there are more escalation headlines 4500 breaks and 4400 becomes the downside target for the week
- Watch yields and Oil to correlate DXY and gold price action.
Full write up in the comments
@tradeloqfx@MRKT_AI insane update, @nilxbh called it in real time on the stream and seeing the headlines flow through and price move with them was sick.